Question 385. - Bank "A" discovered, after a week had elapsed, that cheque payable to "order" received in clearing from bank "B" had been raised from $15 to $50. Cheque used was ordinary bond paper, and if safety paper had been used, change would have been immediately discovered. Bank "B" were unable to tell bank "A" for whom they had cashed cheque, as they had neglected to have it endorsed by party to whom it was paid and who presumably raised amount. They 6tate, however, it was not cashed by party whose name shows as last endorser on back. Has bank "An any recourse against bank "B"?

Answer. - Bank "A" can recover from bank "B" pro-wiled on discovery of the fraud it immediately gives notice to bank "B" and demands repayment of $35 overpaid.