11 Mar 1977
THE ADMINISTRATOR IN HONG KONG OF THE CATHOLIC MISSION OF MACAO V. THE HONG KONG AND SHANGHAI BANKING CORPORATION AND OTHERS
- Citation
- THE ADMINISTRATOR IN HONG KONG OF THE CATHOLIC MISSION OF MACAO V. THE HONG KONG AND SHANGHAI BANKING CORPORATION AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA276/1976
Where broker-submitted transfer forms are presented to the bank, the law implies a warranty/indemnity by the presenter for losses caused by acting on forged or invalid transfers; the brokers' factual defences failed and the bank was not shown to have waived its rights or been barred from recovery; statutory contribution was unavailable because the bank was entitled to indemnity.