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Applicant’s claim for cheque values and business losses dismissed; respondent granted judgment on mortgage-secured overdraft with enforcement rights.
Banking law – duty to present cheques – negligent withholding by bank employee; Bills of Exchange Act – notice of dishonour not imposing banker’s duty to customer; insufficiency of drawer’s funds defeats payee’s claim; proof of loss of business and interest requires reliable accounting evidence; mortgage security – enforcement for overdraft debt.
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