Question 204. - A gets B to give him his cheque on bank Y for $500. He asks bank Z in the same town to cash it and hold it for a week without presenting, at the end of which, he, A, will take it up. If he fails to do so and the cheque is refused, would bank Z have a valid claim on B (a) if the cheque were dishonoured for want of funds, (b) if B had countermanded payment?

Is B responsible to a holder for value, until discharged by the Statute of Limitations, notwithstanding any delay in presentation which does not cause him actual damage?

Answer. - We think the drawer of the cheque is liable notwithstanding the non-presentation of the cheque for payment, until relieved by the Statute of Limitations; unless he suffers actual damage through delay.