22 Oct 1971
THE CHINA STATE BANK LTD v. LEUNG LIN YAN t/a MAN NIN CLOTHING CO
- Citation
- THE CHINA STATE BANK LTD v. LEUNG LIN YAN t/a MAN NIN CLOTHING CO
- Court
- Court of First Instance
- Case number
- HCA1983/1970
The bank was held to be a holder for value and a holder in due course because it received the cheques endorsed in blank, gave value by extending credit/overdraft against them and acted in good faith; fraud was not proved on the balance of probabilities and the bank had not taken the cheques with notice of fraud, so the plaintiffs' claim succeeds.