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Case Summary |
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1983 Indorsing a check with the name of the payee and the phrase "For Deposit Only" authorizes a bank to accept it for deposit to any account, not just to that of the payee/indorser.CitationSPENCER v STERLING BANK (Deposit Only) 63 CA4 1055 [See: Nordin v Eagle Rock 139 CA 584; Cameron v Security 251 CA2 450] |
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Finz Case Law Summaries (Finz Advance Tapes)
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