Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

STONEY STANTON SUPPLIES (COVENTRY), LTD. v. MIDLAND BANK, LTD.

[1966] 2 Lloyd's Rep 373

COURT OF APPEAL

Before Lord Denning, M.R., Lord Justice Danckwerts and Lord Justice Winn

Banking - Negligence - Forged cheques on company honoured by bank on forged mandate from company-Whether banker and customer relationship existed between bank and company-Liability of bank to company. -Moneys had and received-Forged agreement for purchase of business- Whether purchasing company owned moneys from business-Liability of bank to company.

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