Can a bank official accept money for telegraph transfers if the bank manager signed and approved the transfer?
British Columbia, Canada
The following excerpt is from Bank of Montreal v. Wilder, 1983 CanLII 309 (BC CA):
Secondly, Russo-Chinese Bank v. Li You Sam can be distinguished. In that case a bank official was only authorized to accept money for telegraph transfers if the bank manager had signed and approved the transfer. The customer there had notice of that practice. The court held that the customer should have ascertained whether or not the act was authorized.
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