Fictitious, Non-Existing, And Imaginary Friends: Bank Liability For Cheque Fraud

The Supreme Court of Canada recently released its decision in Teva Canada Ltd. V TD Canada Trust, 2017 SCC 51 [Teva]. In it, the divided court found TD Canada Trust and Bank of Nova Scotia liable to Teva Canada Limited for $5.4 million dollars because of a cheque fraud carried out by a rogue Teva employee. […]

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