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Lloyds Bank, Ltd. vs P.E. Guzdar And Co. on 10 April, 1929

38. Need to hold proper inquiry by a bank before an account is opened and then not to act negligently while accepting the cheques for collection or payments, was also pointed out by the House of Lords in Lloyds Bank, Ltd. v. E.B. savory and Company, (1933) AC 201. After referring to S. 82 of the English Act (similar to S. 131 of our Act), which was stated to be a concession, Lord Wright observed, at p. 229:
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