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S 82 Section 82 – cheque which is not indorsed/irregular indorsed, in good faith and in the ordinary course of business The B relies upon S 60 and s 80 where they have paid cheques bearing indorsements which appear to be regular but in fact have been forged. The B relies upon s 82 in cases where they have paid cheques bearing no indorsement or an irregular indorsement
Slingsby v District Bank Ltd [1932] 1 KB 54 Plaintiff requested the solicitor, C, a partner is M/S Cumberbirch & Potts to draw a cheque on their account to the defendant’s s bank payable to M/S John Prust & Co. The cheque was drawn with a gap between the payee’s s name and the words ‘or order’. . After it was signed by the plaintiff, C inserted the words ‘per Cumberbirch & Potts. C indorsed the cheque ‘Cumberbirch & Potts’ and obtained payment. The indorsement was not in accordance with the mandate and the bank could not rely on the protection given in the BOE.
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 and 18: Defence of Collecting Banker The d
Page 19 and 20: Good faith If it is done honestly
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: S 80 Section 80- in good faith and

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