Bank Instruments & Accounts Management: Detecting & Preventing Fraud: With Case Law, Tutorial Notes, Questions & Answers

Supposing you walked across to your bank and give your bank cashier (teller clerk) your cash for deposit, but while the cashier was counting the cash, an armed gang swooped in and carted away all monies on the counter, including your cash. Do you know that your bank will not be liable? Yes, your bank will not be liable. The bank will only be liable if the bank cashier had received the cash, checked it, and stamped “Paid” on your deposit teller receipt! Do you know that you have no duty, as ...