Question 420. - (a) Is a branch of a bank justified in refusing to pay cheques drawn upon it and presented in person by the manager of another bank in a neighbouring town?

(b) If not, could the clearing house regular exchange be deducted?

The idea of presenting cheques in person is to save the exchange which would be payable if the cheque were forwarded through the usual channels.

Answer. - (a) No - if the presenter is duly authorized to receive payment, (b) No.