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LUMSDEN & CO. v. LONDON TRUSTEE SAVINGS BANK

Lloyd's Law Reports

LUMSDEN & CO. v. LONDON TRUSTEE SAVINGS BANK

[1971] 1 Lloyd's Rep. 114

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Donaldson

Banking - Cheques drawn by stockbrokers in favour of "Brown" - Payment of cheque by fraudulent employee into own account in fictitious name of "Brown" - Bank sued for conversion of cheques - Whether bank negligent in opening of account - Whether bank could plead contributory negligence on part of drawers - Cheques Act, 1957, sect. 4 (1) - Law Reform (Contributory Negligence) Act, 1945.

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