Commercial Securities & Finance Ltd v ANZ Banking Group (NZ) Ltd - [1985] 1 NZLR 728

Bankers and banking — Cheque — Conversion — Bank credited third party cheque marked "Not Negotiable A/C Payee Only" to an account other than that of the payee — Cheque was endorsed by owner of payee company and was paid into the account of an associated company — No inquiry was made by the bank into the holder of the cheque's rights to the cheque — Whether bank was liable to the cheque's true owner for conversion — Whether bank had acted negligently — Cheques Act 1960, s 5.