The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1884-12-04
Bank Checks.


lgan Farmers Club. Judge Parrish
talked about the Bank Check He
chose this subject because farmers fire.
| quently receive checks on the sale of
their products, and are sometimes
losers thereby, by reason of not know
| ing how to handle them.
Some years ago friend of his sold
his farm for $1,000, one-halt in cash
| and the balance on time. For the time
payment he took mortgage on the
| farm, payable in one, two and three
| years. and for the cash payment he
took q check on a private banking in
| stitHtion. Not needing the money for
immediate use, and deeming everything
| perfectly safe, or perhaps not knowing
his duty respecting the check, he put
! it in his pocket and kept it two weeks
before he thought of presenting it to
! the bankers, although he resided in
! their immediate neighborhood. Mean
while the bankers had failed, and the
drawer of the check had died insolveut
The consequence was his friend lost
| the amount of the check, besides some
money in. litigation. This loss arose
simply from the farmers neglect to
present the check in due time. True,
| he might have lost the money, if he had
obtained it upon the check, in other.
ways, but in this instance the loss was
purely from his neglect in not observ-
ing the law applicable to the presenta-
ton of bank checks. The farmer not
only lost, but it was also loss to the
estate of the drawer of the check.
If a man receives a check upon
bank in payment for produce, or a
| farm, or any other obligation, it is his
duty to present it for payment within
reasonable time. If he does not, and
the drawer of the check suffers loss,
there is no remedy.
The question, what is a reasonable
| time in which q, check should be pre-
sented for payment, depends upon cir
cumstances. 1t has been held that
when all the parties to check are resi-
dents of the same town or city, delay
| of eight days is sufficient to discharge
the drawer from all liability, at least to
the extent of his loss thereby. And in
such case, a demand made before the
close of business hours of the day sue.
ceeding that on which payment might
have been first legally demanded has
been uniformly considered demand,
made within a reasonable time. If
payment is refused, notice should be
Immediately given to the drawer of the
check.
! When payment of a check upon a
bank is refused, the resource of the
holder is against the drawer and not
against the bank, even though the
bank. at the time the check was pre-.
sented for payment. was perfectly solv-
ent and held funds of the drawer suffi-
Gent to meet the check; so that a check
is nothing more than the personal OBJ
legation of the drawer, as of a promis-
sorry note or bill of exchange. The
drawer is treated in some sort as the
principal debtor, and he is not dis.
charged by any neglect Of the holder
in making due presentment of the
check, or in giving notice of the dis.
honor, unless he suffered some loss or
injury thereby, and then only pro tonto.
If the drawer of the check have nc
funds in the bank to meet it, it is q
fraud, and the holder can sustain an
action upon it against the drawer with
presentation or notice.
4 The check may be revoked BY the
drawer at any time before it is paid OF
accepted by the banker. He may draw
out all he has on deposit. His death il
a revocation. No banker would ven.
ture to pay check after notice of the
death of the drawer. If he did, he
might be called upon by the administra
tor TO pay it again. So, if the drawer
should before presentation become
bankrupt.
In a case in Michigan, where one al
the point of death drew his check upon
the bank in which he had money, being
all the money he had, with directions
to the payee to draw the money, defray
the funeral expenses out of it, and &c
pay the balance to his heirs, and the
J check was not paid or accepted by the
bank before the death of the drawer, il
was held that the check did not operate
as an assignment of the fund, and that
! the bank was not liable upon it to the
payee; that the check, with the whole
arrangement, was revoked by the death
of the drawer, and the bank, after
notice of the death of the drawer and
. OF the arrangement upon which the
check was given, could not have paid
the check without risk of being again
called upon to pay an administrator OF
the estate. Without acceptance by the
bank, or some special undertaking on
its part, the bank can not be held liable
upon . check. There is no privity of
contract between the holder and the
bank, and if the money is not paid upon
the presentation of the check, the bank
is only accountable to the drawer. We
are not presumed to take an unaceepted
check, relying upon the credit of the
bank. but upon that of the party who
, draws the check. Prairie Farmer.