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Court of Appeal Wellington
16 September 1991; 27 February 1992
Cooke P Hardie Boys and Gault JJ
16 September 1991; 27 February 1992
Cooke P Hardie Boys and Gault JJ
Trusts and trustees — Constructive trust — Deposit with banker — Maturity of deposit — Banker overlooking instruction to pay deposit to another bank — Banker re-invested deposit — Whether banker thereby became a constructive trustee or trustee de son tort.
Bankers and banking — Banker as constructive trustee — Deposit with banker — Maturity of deposit — Banker overlooking instruction to pay deposit to another bank — Banker re-invested deposit — Whether banker thereby became a constructive trustee or trustee de son tort.