DCC 163/1993
Type
Case
Court
Dubai Court of Cassation
Jurisdiction
Dubai
Taxonomy
Fraud, General Banking & Finance Law
Copyright
LexisNexis
Decision date
7 Nov 1993
Catchwords
Fraud – Bounced Cheque – Signatory – Authorisation
This case involved a bounced cheque which had been issued to a broker after it was not possible to purchase Iranian currency he had paid the other party to obtain for him. The question of authorisation to issue the cheque was raised but the person who had given the cheque was an authorised signatory so it was irrelevant that he did not own the business. There was no evidence of fraud.
Background