Question 278.— A sight draft is made by " A" upon " B," drawn out payable to the order of......bank, and cashed upon the security of the endorsement of " C." Is there any question regarding the wording of the draft adversely affecting such security, and, if so, upon what grounds ?

Answer.—We consider the endorser is a guarantor of payment, and that in case of dishonour he could be effectively sued.