Question 468. - A savings account is opened under the following name:

Mary Jones in trust for Henry Jones (minor).

(a) Is the bank responsible to Henry Jones for the disposal of the funds?

(b) Is there any objection to the practice?

Answer. - (a) No, but the bank would be liable if it knowingly permitted any breach of trust.

(b) If by "the practice" is meant the opening of an account as stated, the answer is "no."