This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 509.— A has accepted a draft held for collection by Bank C, payable at Bank B, and the clay before it falls due he instructs Bank C to return it to the drawers unpaid. Should Bank C present it at Bank B before returning ?
Answer.—A's request should not excuse Bank C from duly presenting the bill on the day of maturity.
 
Continue to: