This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 267.— A bank holds a bill for collection, with bill of lading and certified invoice attached to be surrendered on payment only, the goods being in bond. Is the bank justified in surrendering any of the documents for the purpose of enabling the drawees to examine the goods, and what risk would it run by so doing?
Answer.—The bank would be responsible to the owners of the bill for any injury or loss caused by its action. What this might be would depend altogether on the circumstances, but the bank by acting against its instructions, clearly takes on itself gratuitously whatever responsibility there may be.