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H H Dimond (Rotorua 1966) Ltd v Australia and New Zealand Banking Group Ltd - [1979] 2 NZLR 739

$30.00

High Court Wellington
27 July; 14 August 1978
Jeffries J
Bankers and banking — Dishonour of cheques — Time for payment — Cheque received from computerised data processing centre at 9 am — At 11.20 the bank received a countermand of authority to pay the cheque — Whether the bank was entitled to dishonour the cheque and reverse the provisional credit made by the computer to the payee's account.

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