Sagicor Bank Jamaica Limited (formerly RBC Royal Bank (Jamaica) Limited v Lakeland Farms Limited

Case Number: 
2017CD00167
Neutral Citation: 
[2017] JMCC Comm. 34
Date of Delivery: 
08.11.2017

Agency- Requirements - Scope - Whether an employee is authorised to contract with third party bank
Banking - Scope of duty of care owed by bank in encashing cheque made payable to it drawn on a third party bank
Interest - Whether claimant bank entitled to commercial interest - Negligence - Whether bank negligent in permitting signatory on account at third party bank to encash cheque drawn on that account before cheque is cleared in the ordinary course - Restitution - Whether payment made on dishonoured cheque recoverable as money had and received - Principles relating to payment of money under a mistake of fact

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