Midland Bank Ltd v Reckitt

Subject Matter

BANKING — Banker — Principal and Agent — Power of Attorney — Excess of Authority — Authority to draw Cheques — Cheques drawn by Attorney and paid into his own Banking Account for his private Purposes — Notice of Breach of Trust — Conversion — Liability of Bankers for Conversion and Money had and received — Negligence — Ratification Clause in Power of Attorney — Bills of Exchange Act, 1882 (45 & 46 Vict. c. 61), s. 82.