Question 283.— Could a bank's customer repudiate the following or similar endorsement, made with a rubber stamp on a cheque taken in deposit, the name as well as the instructions being stamped:

" Pay to the order of                 Bank,

John Smith."

Answer.—If such an endorsement was unauthorized the customer might of course repudiate it, but we think he would be bound to return the money which had been credited to him for the item on the strength of the unauthorized endorsement.