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Sender:
Duncan Sheehan
Date:
Mon, 8 Mar 1999 19:34:57
Re:
contribution

 

Dear All,

In this example the fraudster gets the Turkish bank to collect Middle Temple's cheque and that Turkish bank persuades Lloyds to collect it in London. I would have thought that in principle Rix J was right to give contribution. They do convert the same thing, the cheque, and as we know that is not necessarily conclusive, but is it not the same act of conversion. The cheque is only collected wrongly once. Both the Turkish bank and Lloyds are involved in that tortious conversion in that the Turkish bank wrongfully induces Lloyds to wrongfully collect the cheque on its behalf, so surely the two banks are both involved in the same act of conversion. There is no serial conversion and they are both liable and hence can claim contribution from each other.

 

Duncan Sheehan


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