Question 547. - A bank has cashed a draft with hill of lading attachad, the goods being shipped to order of the bank. Has the drawee any recourse against the bank if the goods are not as ordered or in the event of shipping bill being a forgery? Does the bank in any way guarantee its genuine-ness?

Answer. - We think the bank assumes no responsibility to the drawee in such a case. He has been instructed by the drawee to pay so much money, which he has done. Even if it be said that the instructions were conditional on the documents attached being surrendered, this would involve nothing further than that the bank should surrender the documents received from the drawer, whatever they may be. We think, however, that if the bank should negotiate the draft to another bank, it might be held responsible to the latter for the genuineness of the documents.