Facts of the Case Issues in the Case Principles Associated With It Judgement
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41. 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 the case Judgement
42. 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 cheque 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 the case 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
43. B’ obtains A’s acceptance to a bill by fraud. B endorses it to ‘C’ who takes it as a holder in due course. ‘C’ endorses the bill to ‘D’ who knows of the fraud. Can ‘D’ recover from ‘A’?
Facts of the case Issues in the case Principles associated with the case Judgement
15. A cheque which is drawn as payable to X or bearer is lost. ‘Y’ finds the check and negotiates it to M’. Originally the check belongs to Z. Is it possible for X to claim the cheque again from ‘Z’.
Facts of the Case Issues in the Case Principles Associated With It Judgement
44. X, a customer has deposited a jewel worth Rs. 50,000 for safe custody in a bank later he becomes a debtor to the bank. Explain the legal right of the banker in this situation?
Facts of the case Issues in the case Principles associated with the case Judgement
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