One of the reasons that courts have declined to impose a duty of care in similar situations to the case at bar is the concern that to impose such a duty upon financial institutions in relation to parties unknown to them would cause them to risk indeterminate liability to virtually an unlimited class. As Robertson J.A. stated in Groves-Raffin Construction, supra at para. 142: “it would place a well-nigh intolerable burden on banks and seriously interfere with the expeditious transaction of banking business”: see also Ramias v. Johnson, supra.
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