Question 240. - A is promissor on a note in favour of B, which is overdue and is held by a bank, having been duly endorsed by B. A creditor of B.'s serves a writ of garnishment on A for the amount due on the note. Can A safely pay the bank which holds the note, he being ignorant whether the bank holds it for value or merely for collection on account of B?

Answer. - The promissor is bound to pay the holder of the note. If B has any interest in the moneys after they are collected, his creditors might take proceedings to attach it in the hands of the bank. A, however, is protected if he pays the note to the holder.