Question 547.— Does a power of attorney authorizing John Jones (not a member of the firm) to sign cheques for Smith & Co'y, entitle him to sign the firm name without adding his own name or initials as attorney?

Answer.—One who is lawfully authorized to sign for Smith & Company can certainly bind them by simply signing their name " Smith & Company," but it would be unwise to accept such a signature, because it does not record the name of the person by whom it is made, or the nature of his authority.