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In early 2024, Quantum Capital faced pressure to reduce its overdraft with Pinnacle Mercantile Bank, leading to a transaction involving a £1,000,000 cheque from Lombard Investments, which was later dishonored due to undisclosed risks. The legal question revolves around whether Pinnacle, as a holder for value of the cheque, provided sufficient consideration to enforce it against Lombard despite the latter

Author

td1806

Language

EN