Calendar: 1888-1889 Page 805

GILBART PRIZES 797 overdue What are or "may be the consequences to person taking such cheque and giving value for it banker paying such cheque drawn upon him What constitutes collection of cheque by banker Distinguish it from the state of affairs if any which con- stitutes banker the holder of cheque received from his customer cheque is drawn by on his banker payable to Β or order and handed by to Β in payment of the price of horse The cheque is stolen from Β and his indorsement forged by the thief who presents it for payment and receives the money State the rights and liabilities respectively of B1 and the banker Define crossed cheque What is the effect of adding to the crossing the words not negotiable י Has the true owner of specially crossed cheque any and what remedy against the banker on whom it is drawn if he pays it other- wise than in accordance with the crossing to wrongful holder to the injury of the true owner What should you do supposing cheque drawn on another bank payable to or bearer crossed to your bank and having in addition to the usual crossing the words on it account Α' or account payee י but not marked not negotiable were tendered to you for collection by customer other than Give the reasons for your answer What do you mean by banker's lien and when does it apply 10 Define continuing guarantee In what cases is it letermined by the death of the guarantor and notice thereof to the person guaranteed 11 State briefly the dangers affecting banks which allow corporations without borrowing powers or with limited borrowing powers to overdraw or who advance money to such corporations How if at all can such dangers be obviated and to what extent State briefly the effect of the Bankers' Books Evidence Act 1879