Banking And Negotiable Instruments a Manual of Practical Law
Banking And Negotiable Instruments a Manual of Practical Law
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In our eReader you can find the full English version of the book. Read Banking And Negotiable Instruments a Manual of Practical Law Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Banking And Negotiable Instruments a Manual of Practical Law
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To quickly assess the difficulty of the text, read a short excerpt:
A banker cannot charge his customer with a payment made to the holder of a void instrument.
Negligence. — A customer may have so negligently con- ducted himself that he cannot be heard to say that a pay- ment wrongly made by the banker was not a payment made on his account. This is called estoppel by negligence. Negligence, to amount to an estoppel, must be in the transaction itself, and be the proximate cause of leading the banker into mistake, and also must be the neglect of some duty which i...s owing to the banker or to the general public. As this rule is being constantly misunderstood, it will be further explained by a few illustrations.
1. In the case of Bank of Ireland v. Evans Charities (3 H. L. Ca. , 389), it appeared that a customer negligently lost his cheque-book, and so enabled some one to get hold of and forge a cheque. The customer's banker was not allowed to charge him with the payment of such a cheque, for there was no transaction in which the customer was 7 98 BANKER AS PAYER OF CHEQUES AXD BILLS negligent, nor was the loss of the book the proximate cause of the hank paying the cheque.
What to read after Banking And Negotiable Instruments a Manual of Practical Law?
You can find similar books in the "Read Also" column, or choose other free books by Frank Tillyard to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
A banker cannot charge his customer with a payment made to the holder of a void instrument.
Negligence. — A customer may have so negligently con- ducted himself that he cannot be heard to say that a pay- ment wrongly made by the banker was not a payment made on his account. This is called estoppel by negligence. Negligence, to amount to an estoppel, must be in the transaction itself, and be the proximate cause of leading the banker into mistake, and also must be the neglect of some duty which i...s owing to the banker or to the general public. As this rule is being constantly misunderstood, it will be further explained by a few illustrations.
1. In the case of Bank of Ireland v. Evans Charities (3 H. L. Ca. , 389), it appeared that a customer negligently lost his cheque-book, and so enabled some one to get hold of and forge a cheque. The customer's banker was not allowed to charge him with the payment of such a cheque, for there was no transaction in which the customer was 7 98 BANKER AS PAYER OF CHEQUES AXD BILLS negligent, nor was the loss of the book the proximate cause of the hank paying the cheque.
What to read after Banking And Negotiable Instruments a Manual of Practical Law?
You can find similar books in the "Read Also" column, or choose other free books by Frank Tillyard to read onlineMoreLess
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