Facts of the Case Issues in the Case Principles Associated With It Judgement
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22. A bill is drawn as “Pay to X or order the sum of ten thousand rupees”. In the margin the amount stated is Rs 1,000. Discuss the legal position.
Facts of the Case Issues in the Case Principles Associated With It Judgement
35. ‘B’ Obtains A’s acceptance to a bill of exchange by fraud. B endorses it to 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
21. Mr. X promises by way of a promissory note to pay Mr.Y his partner a sum of Rs.10,000 in the event of latter’s retirement from partnership firm. Decide giving reasons for your answer whether the Promissory Note is a valid promissory note.
Facts of the Case Issues in the Case Principles Associated With It Judgement
36. The holder of a promissory note for Rs.1,000 writes on it “Pay B Rs.500” and endorses the note. Explain the consequential developments.
Facts of the Case Issues in the Case Principles Associated with It Judgement
20. Mr. X executes a promissory note in the following form, ‘I promise to pay a sum of Rs.10,000 after three months’. Decide whether the promissory note is a valid promissory note..
Facts of the Case Issues in the Case Principles Associated With It Judgement
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
19. ‘I promise to pay B Rs.550 and all other sums which shall be due to him’. Is it a promissory note? State reasons.
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