A bank manager employed by the respondents had advised one customer to invest in a project of another. The bank could not advise on investments.
Held: The fact that the second customer owed money to the ban under an overdraft did not make the bank his agent so as to make it responsible to the first as the second’s agent,
Citations:
[1918-19] All ER Rep 1, [1918] AC 626, 87 LJKB 1158, 119 LT 446, 36 Digest (Rep 1) 14
Jurisdiction:
Canada
Banking, Agency
Updated: 13 May 2022; Ref: scu.216352