Question 368. - Bank A presents to bank B for acceptance a draft for $15 drawn "with exchange" the exchange, however, not having been added to the amount of the draft. Bank "B" certified the item as $15. Bank "A" then adds fifteen cents exchange (which it had no right to do) and sends it through the clearing as $15.15. Bank "B" signs receipt for the deposit, including the item (there being no clearing house) and afterwards discovers the error. Describe the correct method of adjustment.

Answer. - Bank "B" should demand fifteen cents from bank "A" as money paid in mistake. Bank "B" is liable for no more than the amount for which it certified the cheque, which is stated to be $15.