Wright and Three Others v. People’s Bank – sllr 1985 volume 2 page 292

In the case between The People’s Bank (Plaintiff) and Quentin Nicholas Wright and others trading as “Muller Wright and de Mel” (Defendants), the court addressed whether English law governed the matter via the Civil Law Ordinance and Factors Act of 1889, and if the defendants, as mercantile agents, possessed the authority to pledge client goods to secure advances. The court held that English law applied, the defendants had agency to effectuate the pledge, and the agreements (P 23, P 25, and P 31) constituted a valid constructive delivery of goods to the Bank. It was further held that the absence of a dealer’s licence did not undermine the validity of the Bank’s possession or the pledge itself. The principle established reiterates that agency authority and compliance with delivery requiremen