Facts of the Case Issues in the Case Principles Associated With It Judgement
Category: LLB 5th Sem Law of Banking & Negotiation Instruments [Case Law]
34. 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 right of set off in this situation?
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
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