Presentation of withdrawal slip representation that entitled to withdraw cash | Practical Law

Presentation of withdrawal slip representation that entitled to withdraw cash | Practical Law

The Court of Appeal has held that by presenting a signed cash withdrawal slip at a bank a person makes a demand for payment of the stated amount and represents that the bank is indebted to him in that amount and that he is entitled to draw it.

Presentation of withdrawal slip representation that entitled to withdraw cash

Practical Law UK Legal Update 5-100-6579 (Approx. 2 pages)

Presentation of withdrawal slip representation that entitled to withdraw cash

Published on 01 Sep 1990United Kingdom
The Court of Appeal has held that by presenting a signed cash withdrawal slip at a bank a person makes a demand for payment of the stated amount and represents that the bank is indebted to him in that amount and that he is entitled to draw it.