Question 480. - A customer brings in a cheque for $500 with the request that $450 be deposited and $50 paid in cash. A deposit slip is made out for $450, and under the heading "local cheques" the $500 is entered in figures. In the adjoining column are written the words "Less cash 10/5" and $50 in figures is written under the $500 and the balance $450 is there struck. At the bottom of the column the depositor signs. Does this deposit slip give the bank a receipt for the $50 cash which the customer received? Would it be possible for the customer six months afterwards to make a claim that he had deposited a cheque for $500 and received credit in his account for $450 only?

Answer. - If the deposit slip was made out and completed before the signature of the depositor was affixed, it would be accepted as evidence of the payment to him of $50 in cash and be a sufficient answer to any subsequent claim on his part to have received credit for less than he had paid in.