32STEDCON RWANDA v. ACCESS BANK
The Supreme Court held that since the cheque was signed by all authorized signatories and there was no evidence of fraud, coercion, or abuse, the bank was not at fault for paying it without additional confirmation. Unilateral instructions by one signatory could not bind the bank where another signatory was also authorized. The applicant’s appeal lacked merit, and the respondent was entitled to damages and legal fees as previously awarded.
Source excerpt
- Negotiable instruments
- Bank liability
- Cheque payment
- Damages
- Contractual instructions