Describe Justice LaForest's comments with respect to what a banker is supposed to know,which formed a broader basis for the court's decision in Canadian Pacific Hotels Ltd.v.Bank of Montreal (1987),40 D.L.R.(4th)385 (S.C.C.),where the bank failed to detect forged signatures.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q45: A cheque is a written promise to
Q45: A promissory note is a written order
Q56: Retailers embraced debit cards use by consumers
Q57: The risk associated with a retailer accepting
Q58: Individuals who conduct contractual business with banks
Q62: In the case of Canadian Pacific Hotels
Q63: Identify the additional duties implied on the
Q65: Discuss the various aspects of evolution of
Q69: Briefly discuss the legislative amendment that applied
Q69: Discuss the purpose of the banking agreement.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents