Deposit To The Credit Of A Joint Account Of Unendorsed Cheque Payable To The Order Of One Person
This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Deposit To The Credit Of A Joint Account Of Unendorsed Cheque Payable To The Order Of One Person
Question 143. - A cheque made payable to the order of John Jones, not endorsed by him, is deposited to the credit of a joint account John or Mary Jones. Is this legal?
Answer. - No. Such cheque not bearing the endorsement of John Jones must be deposited to the credit of an account in the name of John Jones only.
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