Question 110. - A cheque in favour of Smith, Brown & Company is endorsed with a rubber stamp "Smith, Brown & Company, per ," one of the firm signing his name underneath. Is this endorsement regular?

Answer. - Under clause (b) of the Conventions and Rules respecting endorsements, the absence of words indicating the authority of the person signing makes the endorsement irregular. To meet the rule the partner endorsing in the usual manner should add such words as "one of the firm."