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THIS SUBJECT IS BANKING LAW QUESTION TWO Solve the following problems: b. Tasha drew a cheque in favour of Atig, one of her customers. Tasha
THIS SUBJECT IS BANKING LAW
QUESTION TWO Solve the following problems: b. Tasha drew a cheque in favour of Atig, one of her customers. Tasha crossing the cheque with Account Payee Only and posted it to Atig. 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 caseStep by Step Solution
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