R v Hall [1973] 1 QB 496 Court of Appeal
A travel agent received money from clients for deposits for their holidays. He paid these monies into the general current account for the business. The business collapsed before he paid the money to book the holidays and the clients lost their deposit.
Held:
The travel agent was not liable for theft as there was no obligation to deal with the money in a particular way under s.5(3) Theft Act 1968.
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