A customer of the plaintiff, sent a cheque to the defendant, with an application for shares. The cheque was stolen whilst in the defendant’s custody, but the plaintiff at first debited the account, then re-credited the balance. The claim failed following the Tai Hing Cotton Mill Ltd case.
Gazette 27-Jun-1999, Times 12-May-1999
England and Wales
Cited – Tai Hing Ltd v Liu Chong Hing Bank PC 1985
(Hong Kong) The relationship between banker and customer is principally a contractual one between debtor and creditor. As between the banker and his customer, the risk of loss through forgery of the customer’s signature falls on the banker unless . .
Lists of cited by and citing cases may be incomplete.
Updated: 10 April 2022; Ref: scu.90666