Facts of the Case Issues in the Case Principles Associated With It Judgement
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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 […]
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
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
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
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
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
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
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
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