Facts of the Case Issues in the Case Principles Associated With It Judgement
Author: Sunny Shettipalli
9.A cheque is drawn payable to X or bearer. Y steals it and negotiates it to Z. Is it possible for X to get back the cheque from A ?
Facts of the Case Issues in the Case Principles Associated With It Judgement
8.’B’ Obtains A’s acceptance to a bill of exchange by fraud. B endorses it to ‘C’ who is a holder in due course, C endorses the bill to ‘D’ who knows of the fraud. Can ‘D’ get a title and recover money from A.
Facts of the Case Issues in the Case Principles Associated With It Judgement
7. There is credit balance in the account of Mr.Gopal. The banker wishes to set this off against an overdraft in the joint name of Gopal and Kamat. Will the bank exercise the right to set off in this situation?
Facts of the Case Issues in the Case Principles Associated With It Judgement
6. Mr.Srinu draws a cheque for Rs.2,000/- and hands it over to Balu by way of gift. Is Balu a holder in due course? Discuss the interest of Balu to receive the proceeds of the cheque.
Facts of the Case Issues in the Case Principles Associated With It Judgement
5. The Reserve Bank of India(RBI) cancelled the license of KL bank. KL Bank wants to challenge the cancellation of license. Where can the appeal lie?
Facts of the Case Issues in the Case Principles Associated With It Judgement
4. An endorsement on a cheque says ‘pay C’, if he returns from Paris. If C does not return from Paris and Yet wants to claim the amount of the cheque. Can he succeed?
Facts of the Case Issues in the Case Principles Associated With It Judgement
3. A negotiable instrument is for Rs. 10,000. The owner of the instrument endorses it for Rs. 5,000. Decide whether this can be done?
Facts of the Case Issues in the Case Principles Associated With It Judgement
2. A bill payable to X or order was stolen by ‘Y’ who forged endorsement and negotiated the cheque to Z. Z took the cheque for value in good faith. Will Z have a bonafide title to the cheque? Decide.
Facts of the Case Issues in the Case Principles Associated With It Judgement
1. A sells a radio to M, a minor, who pays for it by cheque. A indorses the cheque to B who takes it in good faith and for value. The cheque is dishonoured on presentation. Can B enforce payment of the cheque against A or M?
Facts of the Case Issues in the Case Principles Associated With It Judgement