This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 edition. Excerpt: ...have held both ways, bnt the "better course for the bank is to refuse payment. Q. 589. A bank, after having received notice of the death of a depositor, pays a check drawn against his account. Is the bank protected in making such payment? A. 589. No; the death of the depositor acts as a revocation of ...
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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 edition. Excerpt: ...have held both ways, bnt the "better course for the bank is to refuse payment. Q. 589. A bank, after having received notice of the death of a depositor, pays a check drawn against his account. Is the bank protected in making such payment? A. 589. No; the death of the depositor acts as a revocation of the check. Weiand's Administrator v. State National Bk., 112 Ky. 310. Q. 590. Is a bank protected in paying the check of a depositor after his death where the bank has no knowledge of the depositor's death at the time? A. 590. Tea. Drum v. Benton, 13 App. D. C. 245. Q. 591. What is the liability of a bank for refusing to pay a depositor's check in proper form and properly presented? A. 591. If the bank refuses payment without just cause, it is liable to the depositor for such damages as naturally arise from the dishonor of the check. Wiley v. Bunker Hill National Bk., 183 Mass. 495. Q. 592. May a bank refuse to honor a check drawn by one of its depositors on the ground that the check was delivered in settlement of a wager made contrary to the law? A. 592. No. McCord v. California National Bk., 96 Cal. 197. Q. 593. Is a bank liable in damages for refusing to pay the check of a depositor presented by the depositor himself? A. 593. No; the basis of a bank's liability in such cases is the injury to the depositor's credit caused by the bank's refusal. McKnight v. Bank of Arcadia, 114 La. 289. Q. 594. Through an error in bookkeeping, a bank refused to pay a check drawn by one of its depositors, in the mistaken belief that the check was drawn against insufficient funds. Is the bank liable to its depositor in damages? A. 594. Yes; the fact that the refusal was due to an honest mistake does not relieve the bank from liability. Atlanta National Bk. v....
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Add this copy of Bankers' Guide Book: Comprising 1190 Questions and to cart. $51.24, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Santa Clarita, CA, UNITED STATES, published 2012 by Nabu Press.
