The Law Reports (King's Bench Division)
[1937] 2 KB 631
[KING'S BENCH DIVISION]
LLOYDS BANK, LIMITED
v.
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION.
1937 May 25,
26 June 8.
PORTER J.
Principal and agent
— Mercantile agent
— Pledge of documents
— Surrender by pledgees to pledgors as trustees for sale
— Unauthorized pledge of documents by pledgors to third parties
— “Owner”
— Whether pledgors mercantile agents of pledgees
—
Factors Act, 1889 (52 & 53 Vict. c. 45), s. 1, sub-s. 1; s. 2, sub-s. 1.