This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 242.— (1) Is it usual to open accounts in name of " Estate of John Smith " or " Succession of Jean Smith " while John Smith is living?
(2) If so opened by another, should he not show written authority to transact Smith's business?
Answer.—We may say that it is not customary to open accounts in this manner, although there is nothing to prevent anyone from conducting his own account in such fashion.
(2) The party operating an account in this style on behalf of someone else should, we think, be required to produce written authority.