Commentary

23 Protection of bankers; unindorsed and irregularly indorsed cheques

BILLS OF EXCHANGE vol 4(1)
| Commentary

23 Protection of bankers; unindorsed and irregularly indorsed cheques

| Commentary

23 Protection of bankers; unindorsed and irregularly indorsed cheques

There is statutory protection for a banker who, in good faith and in the ordinary course of business, pays a cheque drawn on him which is not indorsed or is irregularly indorsed. The banker does not, in doing so, incur any liability by reason only of the absence of, or irregularity in, indorsement and he is deemed to have paid it in due course1.

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