For a company to be taken to carry on the business of banking money it must be able to show that it took money on current accounts.
Judges:
Mocatta J
Citations:
[1966] 1 QB 783, [1965] 3 WLR 817, [1965] 2 All ER 992
Jurisdiction:
England and Wales
Cited by:
Affirmed on appeal from – United Dominions Trust Ltd v Kirkwood CA 24-Feb-1966
The defendant was MD of a company which borrowed from the plaintiff. The company drew five bills as security, and the defendant endorsed them. When the company failed, the plaintiff gave notice of dishonour and sued the defendant as indorsee. The . .
Lists of cited by and citing cases may be incomplete.
Banking
Updated: 20 December 2022; Ref: scu.260041