169 Cheque Payable to John Smith, Guardian for Mary and Patrick Brown,
Description
This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
169 Cheque Payable to John Smith, Guardian for Mary and Patrick Brown,
Endorsed "John Smith, Guardian."
Question 171.— A cheque made payable to " John Smith, guardian for Mary and Patrick Brown" is endorsed " John Smith, guardian." Is this sufficient?
Answer.—We think the full description is unnecessary, and that if he endorsed simply " John Smith," without any addition to his name, it would be a valid discharge.
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