Tasha drew a cheque in favour of Atiq, one of her customers. Tasha crossing the cheque with
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Tasha drew a cheque in favour of Atiq, one of her customers. Tasha crossing the cheque with “Account Payee Only” and posted it to Atiq. Unfortunately, the cheque was stolen, and the thief forged all the particulars in that cheque, used it to open an account with Bank Utama. The following day, the thief drew out all the proceeds in cash and has absconded. Tasha wanted to sue Bank Utama for the negligence of not taking proper precautions in the opening of the account.
Advise Tasha.
Support your answer with ONE (1) statutory provision and ONE (1) decided case.
Related Book For
Chemistry The Central Science
ISBN: 978-0321696724
12th edition
Authors: Theodore Brown, Eugene LeMay, Bruce Bursten, Catherine Murphy, Patrick Woodward
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