#equity #law #strangers
Millett J, in Agip (above) said at 293 in relation to the Baden classification of knowledge that if a person ‘did suspect wrongdoing yet failed to make inquiries because ‘he did not want to know’ (category (ii)) or because he regarded it as ‘none of his business’ (category (iii)), that … is dishonest, and [he will be] treated as if [he] had actual knowledge.’ In contrast, if ‘a man does not draw the obvious inferences or make the obvious inquiries . . . because, however foolishly, he did not suspect wrongdoing or, having suspected it, had his suspicions allayed, however unreasonably’ (category (iv) or (v)), he would not be guilty of dishonest conduct.
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