Facts of the case Issues in the case Principles associated with the case Judgement
Author: Kavya G
47. A locker is hired by X and y jointly and is to be operated by them jointly. Both of them nominated S and W to operate the locker in the bank respectively. Advise the bank in case X dies.
Facts of the case Issues in the case Principles associated with the case Judgement
48. M. Ram couldn’t present the cheque received from his friend due to a busy schedule. The period of limitation is about to expire on a day which happens to be a holiday. Advice Mr. Ram.
Facts of the case Issues in the case Principles associated with the case Judgement
49. ‘X’ and ‘Y’ maintain a Joint Savings Bank Account. ‘Y’ informs the bank that ‘X’ is dead and produces a death certificate thereof. ‘Y’ requests the banker for the payment to him of the balance in the account. What would you do as a banker? Decide.
Facts of the case Issues in the case Principles associated with the case Judgement
50. ‘C’ instructs his Banker to buy certain debentures for him and asks the Banker to keep them for him and collect the interest on them. Subsequently C’s current account is overdrawn. Can Bankers exercise the lien over debentures?
Facts of the case Issues in the case Principles associated with the case Judgement
51. Examine the legal position of the banker in the following cases: (a) B deposits gold ornaments worth Rs.50,000 with the Banker for safe custody. (b) D deposits Rs.40,000 with the Bankers to be held for two years as a fixed deposit.
(a) B deposits gold ornaments worth Rs.50,000 with the Banker for safe custody Facts of the case Issues in the case Principles associated with the […]
52.X. a customer has deposited jewels worth 50000/- for safe custody in a Bank. Later he became a Debtor to the Bank. Explain the Rights of the Banker?
Facts of the case Issues in the case Principles associated with the case Judgement
53 . A Promissory Note was executed by X to Z. Suddenly X died. Can Z claim against the legal heirs of X? Decide..
Facts of the case Issues in the case Principles associated with the case Judgement
54. Cheque is payable to R or Order. It is stolen and the thief forges R’s signature and presents it to the Banker who makes payment in due course. Can R recover the amount from the Bank?
Facts of the case Issues in the case Principles associated with the case Judgement
55. Person B accepted a ‘Bill of Exchange’ which is drawn in Paris. The Endorsee in understanding with the Drawer altered the place of drawing the Bills of Exchange from Paris to Rome. Is B liable on the Bill?
Facts of the case Issues in the case Principles associated with the case Judgement