Facts of the Case Issues in the Case Principles Associated with It Judgement
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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
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
40-A’, the holder of a bill, endorses it to ‘B’ or order for the express purpose that ‘B’ get 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 the case Judgement