The Law Reports (King's Bench Division)
[1938] 2 KB 147
[COURT OF APPEAL]
LLOYDS BANK, LIMITED
v.
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION.
[1935. L. No. 2538.]
1938 March 9,
10.
SIR WILFRID GREENE M.R., SCOTT and MACKINNON L.JJ.
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”
— “Mercantile Agent”
— Validity of second pledge
—
Factors Act, 1889 (52 & 53 Vict. c. 45), s. 1, sub-s. 1; s. 2, sub-s. 1.