Facts of the Case Issues in the Case Principles Associated With It Judgement
Author: Sunny Shettipalli
24.X draws a cheque for Rs 2,000 and Y, a holder without the consent of X alters the figure of Rs 2,000 to Rs 20,000 and makes the instrument look like a cheque drawn for Rs 20,000. The banker pays the cheque in due course. Discuss the legal position of the banker.
Facts of the Case Issues in the Case Principles Associated With It Judgement
23. A cheque is payable to M or order. It is stolen and the thief forges M’s signature and presents it to the banker who makes the payment in due course. Can M recover the amount from the banker?
Facts of the Case Issues in the Case Principles Associated With It Judgement
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
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
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
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
18. “Mr. Little, Please let the bearer have $7 and oblige.” Signed by A. Is this a bill of exchange?
Facts of the Case Issues in the Case Principles Associated With It Judgement
17. “We have received the sum of Rs.9,000 from shri R.R.Sharma. This amount will be repaid on demand. We have received this amount in cash. Is this a promissory note ?
Facts of the Case Issues in the Case Principles Associated With It Judgement
16. “I of my own free will and accord approached B and borrowed from him the sum of Rs.100 bearing interest at the rate of 2 per cent per mensem. I have, therefore, executed these few presents by way of a promissory note so that it may serve as evidence and be of use when needed” signed by A. Is it a promissory note ?
Facts of the Case Issues in the Case Principles Associated With It Judgement