Question 228. - Can a branch bank legally stop payment of its own draft on another branch? I do not see how it can if the draft is presented by an innocent holder for value and the endorsement purports to be that of the payee. Will be glad of your opinion and reasons. Bills of Exchange Act in force here (Jamaica) is the same as the English Act.

Answer. - The branch which issued the draft might countermand payment, but the bank would be taking the risk of any claim which the holder would have against it by reason of the dishonour of what is its own demand obligation and payment of which an innocent holder for value could enforce.