Question 459. - A firm carrying on business as Jones & Smith sell out to Robertson, who carries on under the former title. He opens an account with a bank under the name "Jones & Smith for A. Robertson, sole proprietor." Does the bank require proof that he is entitled to trade as such and cash cheques payable to Jones & Smith?

Answer. - It would be quite proper for the bank to require evidence that Robertson is entitled to collect debts due to the old firm of Jones & Smith and is continuing to trade under that name in respect to new business.