Re Spectrum Plus: Difference between revisions

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 ===Choice snippets===
 '''Lord Hope of Craighead''': <br>
-:“An account from which the customer is entitled to withdraw funds whenever it wishes within the agreed limits of any overdraft is not a blocked account. In ''Agnew v Commissioners of Inland Revenue'' [2001] 2 AC 710, 722, para 22 Lord Millett said that the critical feature which led the Irish Supreme Court in ''In re Keenan
+:“An account from which the customer is entitled to withdraw funds whenever it wishes within the agreed limits of any overdraft is not a blocked account. In ''Agnew v Commissioners of Inland Revenue'' [2001] 2 AC 710, 722, para 22 Lord Millett said that the critical feature which led the Irish Supreme Court in ''In re Keenan Bros Ltd'' [1986] BCLC 242 to characterise the charge on book debts as a fixed charge was that their proceeds were to be segregated in a blocked account where they would be frozen and ''unusable by the company without the bank’s written consent''<ref>Emphasis added.</ref>. I respectfully agree.”
-Bros Ltd'' [1986] BCLC 242 to characterise the charge on book debts as a fixed charge was that their proceeds were to be segregated in a blocked account where they would be frozen and ''unusable by the company without the bank’s written consent''<ref>Emphasis added.</ref>. I respectfully agree.”
 Did Barclays in Siebe Gorman have a lien over a current account balance? No. <br>
 :“{{casenote|Lipkin Gorman|Karpnale}} Ltd [1989] 1 WLR 1340, 1353, the money which a customer deposits with a [[bank]] ecomes the bank’s money, but the bank is [[prima facie]] bound to meet its debt when called upon to do so by the customer.” [...]