Facts of the case Issues in the case Principles associated with the case Judgement
Category: LLB 5th Sem Law of Banking & Negotiation Instruments [Case Law]
14. A customer of the Royal Bank drew an open cheque for Rs.1000 payable to ‘P’, the cheque was stolen. The thief forged the payee’s endorsement and presented the cheque for payment at the branch upon which it was drawn. The bank cashier paid the check without asking for proof of identity. To whom is the bank liable for the cashier’s action?
Facts of the Case Issues in the Case Principles Associated With It Judgement
45. A, a banker pays the cheque of the customer B before the order of counter manding the cheque is received by the bank. Is the banker liable for it?
Facts of the case Issues in the case Principles associated with the case Judgement
46. There is a house in the name of Malati. After marriage her husband without the knowledge of her mortgaged the house to a bank. Later she sold her house to somebody and registered it legally. Advise the bank for recovery of debt.
Facts of the case Issues in the case Principles associated with the case Judgement
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
13. A, in point of pistol, forces ‘B’ to issue a bearer cheque in the name of ‘A’. A afterwards hands over the cheque to ‘C’ who takes it in good faith for valuable consideration. Is ‘C’ a holder in due course?
Facts of the Case Issues in the Case Principles Associated With It 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
12. ‘A’, the holder of a bill, endorses it to ‘B’ or order for the express purpose that ‘B’ gets it discounted. B negotiates the bill to ‘C’ who takes it bonafide and for value. Explain the position of ‘C’.
Facts of the Case Issues in the Case Principles Associated With It 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
11. D accepted a bill of exchange drawn in London. An endorsee in understanding 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 It Judgement