Facts of the Case Issues in the Case Principles Associated with It Judgement
Author: Kavya G
37. 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
38. A bill payable to ; X or order was stolen. Y forged X’s endorsement and endorsed it to ‘Z’ who takes it for value and in good faith. Shall Z acquire a good title to it.
Facts of the Case Issues in the Case Principles Associated with It Judgement
39. ‘D’ accepted a bill of exchange drawn in London. An endorsee in arrangement with the drawer altered the place of drawing from London to America. Is ‘D’ liable on the bill.
Facts of the case Issues in the case Principles associated with the case Judgement
40-A’, the holder of a bill, endorses it to ‘B’ or order for the express purpose that ‘B’ get it discounted. B negotiates the bill to ‘C’ who takes it bonafide and for value. Explain the position of ‘C’.
Facts of the case Issues in the case Principles associated with the case Judgement
41. A. in point of pistol, forces ‘B’ to issue a bearer cheque in the name of ‘A’. A afterwards hands over the cheque to ‘C’ who takes it in good faith for valuable consideration. Is ‘C’ a holder in due course?
Facts of the case Issues in the case Principles associated with the case Judgement
42. A customer of the Royal Bank drew an open cheque for Rs.1000 payable to P, the cheque was stolen. The thief forged the payee’s endorsement and presented the cheque for payment at the branch upon which it was drawn. The bank cashier paid the cheque without asking for proof of identity. To whom is the bank liable for the cashier’s action?
Facts of the case Issues in the case Principles associated with the case Judgement
43. B’ obtains A’s acceptance to a bill by fraud. B endorses it to ‘C’ who takes it as a holder in due course. ‘C’ endorses the bill to ‘D’ who knows of the fraud. Can ‘D’ recover from ‘A’?
Facts of the case Issues in the case Principles associated with the case Judgement
44. X, a customer has deposited a jewel worth Rs. 50,000 for safe custody in a bank later he becomes a debtor to the bank. Explain the legal right of the banker in this situation?
Facts of the case Issues in the case Principles associated with the case Judgement
45. A, a banker pays the cheque of the customer B before the order of counter manding the cheque is received by the bank. Is the banker liable for it?
Facts of the case Issues in the case Principles associated with the case Judgement