Question 324. - Bank A sends for collection to bank B, draft or note (to be protested in case). Drawee or maker assigns before maturity. What would be the position of bank B to bank A on the following points:

(1) Should draft or note be returned by bank B on the assignment becoming known?

(2) If so, may not protest be waived to save unnecessary cost under the circumstances?

(3) Would it be correct to simply advise bank A of the assignment, asking for instructions, or what option has bank B in the matter?

Answer. - (1) We think that the duty of bank B is to protest the note at maturity and return it, in the absence of other instructions.