This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question 19. - The Bills of Exchange Act, R. S. C. 1906, sec. 6, states that in the case of a corporation, where, by this Act, any instrument or writing is required to be signed, it is sufficient if the instrument or writing is duly sealed with the corporate seal, etc., etc. Would this entitle a bank to cash a cheque of a company with no signatures of officers authorized to sign for the company, but with the seal of the company affixed to the cheque.
Answer. - The seal alone would be a sufficient signature, but must be affixed by some one duly authorized for the purpose, and the best evidence of such authority is the signature of one or more officers authorized either by law or by resolution.
 
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