Question 376. - With reference to the right of a bank that has paid a cheque to a party with a defective title, to recover the amount from him, are not the prior endorsers on the cheque under the same liability to the bank? Suppose the cheque had been paid to another bank which afterwards was wound up; could not the bank that paid the cheque look to the endorser from whom the defunct bank had received it?

Answer. - We think this is doubtful. The prior endorsers had nothing to do with getting the money from the bank on which the cheque was drawn, and we do not see how the latter could have any right of action against them.