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Section 85 A banker is not liable if Section 85(1) (a)-(b) (b)- banker in good faith (refer S 95) and without negligence (a) receive payment for a customer in an instrument wc this section applies (b) having credited a customer’s s account of such an instrument receives payment for himself S 85(2) (a)-(b) (b)- cheques, (b) any docs issued by a customer of a banker- thought not BOE, but enable a person to obtain payment from that banker
Good faith If it is done honestly If the Banker knew that the customer’s s title to the cheque was defective- no protection under s 85
Page 1 and 2: Law of Banking and Security DR. ZUL
Page 3 and 4: Holder of a cheque Section 2 defin
Page 5 and 6: Holder in Due Course A person to w
Page 7 and 8: Defences 1. No notice of dishonour:
Page 9 and 10: Duty to Prevent Fraud Greenwood v
Page 11 and 12: Bank Must Be held fully liable Syar
Page 13 and 14: Material Alteration Ung Eng Huat &
Page 15 and 16: Collecting banker’s s duties Col
Page 17: Defence of Collecting Banker The d
Page 21 and 22: The bank has acted in good faith A
Page 23 and 24: Contributory negligence The pt had
Page 25 and 26: Paying banker Where a customer dra
Page 27 and 28: S 80 Section 80- in good faith and
Page 29 and 30: Slingsby v District Bank Ltd [1932]

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