Hearings
England & Wales
26 May 1937 [1937] 2 KB 631, KBD
10 Mar 1938 [1938] 2 KB 147, CA
Lloyds Bank Ltd v Bank Of America National Trust and Savings Association
Subject Matter
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.