Payment in due course
As per Section 10 “Payment in due course” means payment in accordance with the apparent tenor of the instrument in good faith and without negligence...
As per Section 10 “Payment in due course” means payment in accordance with the apparent tenor of the instrument in good faith and without negligence...
Cheque Bill of Exchange Drawee Only a banker can be a drawee. Anyone can be drawee, including a banker. Acceptance A cheque requires no...
The banker is justified in dishonouring the customer’s cheques in the following cases :- 1. The signature of the drawer on the cheque does not...
If a bill of exchange which has been negotiated is, at or after maturity, held by the acceptor in his own right, all rights of...
Where a promissory note, bill of exchange or cheque has been materially altered but does not appear to have been so altered, or where a...
Any material alteration of a negotiable instrument renders the same void as against anyone who is a party thereto at the time of making such...
If the holder of a bill of exchange acquiesces in a qualified acceptance, or one limited to part of the sum mentioned in the bill,...
(1) Where a cheque payable to order purports to be endorsed by or on behalf of the payee, the drawee is discharged by payment in...
If the holder of a bill of exchange allows the drawee more than forty eight hours, exclusive of public holidays, to consider whether he will...
(1) Where a cheque is not presented for payment within a reasonable time of its issue, and the drawer or person on whose account it...