Endorsement Of Cheque Payable To "Mrs. John Smith."
This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Endorsement Of Cheque Payable To "Mrs. John Smith."
Question 122. - A cheque is drawn in favour of and endorsed, "Mrs. John Smith." Is the endorsement legal?
Answer. - We think that this endorsement is irregular, "Mrs. John Smith" not being a "proper signature" under sec. 64 of the Bills of Exchange Act. See Falconbridge, 2nd ed., 591. The bank should not pay the cheque unless endorsed in the usual manner, as follows:
Mrs. John Smith, or Sarah Smith,
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