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Free Books / Finance / Canadian Banking Practice / |  |
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Note Payable At A Branch Bank - Branch Closed And Business Transferred Elsewhere - Presentment |
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This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question 184. - A note is payable at a branch of a bank at A., but after the making and before it is due, the branch at A. is closed and the books and business are transferred to B., at the branch of the same bank there, and the makers and endorsers know this. Presentation is made at the branch at B., and not to the makers and endorsers personally. Is this good, and, if so, how should notice of dishonour be worded to suit change?
Answer. - Such a presentation is not good.
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