Question 316. - Bank "A" sends to bank "B" through the Clearing a cheque which is returned on time with reason "N.S.F." Bank "A" presents the same cheque at three o'clock, when it is again refused for the same reason. The cheque is subject to protest. The drawer goes to bank "B" after 3 o'clock to make a deposit, but the bank refuses to take it. The drawer, wishing to save the protest, then goes to bank "A" and offers money to pay the cheque. Is Bank "A" obliged to accept the money and deliver the cheque?

Answer. - Bank "A" is entitled to protest the cheque at any time after 3 o'clock, but if the cheque has not already gone to protest, there would appear to be no reason why payment should not be accepted from the drawer.