Abstract:
In the conjoined appeals "Smith v. Lloyds TSB Group plc; Jones v. Woolwich plc [2000] 3 W. L. R. 1725" the Court of Appeal had the opportunity to consider the single issue of whether the true owner of a check or banker's draft, which it was accepted had been "materially altered," and so, subject to irrelevant exceptions, avoided within the terms of the Bills of Exchange Act of 1882, s. 64, and subsequently converted, is entitled to damages equivalent to the face value of the instrument. Similar cases are discussed.