Facts of the case Issues in the case Principles associated with the case Judgement
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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
10. 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 for it?
Facts of the Case Issues in the Case Principles Associated With It Judgement
50. ‘C’ instructs his Banker to buy certain debentures for him and asks the Banker to keep them for him and collect the interest on them. Subsequently C’s current account is overdrawn. Can Bankers exercise the lien over debentures?
Facts of the case Issues in the case Principles associated with the case Judgement
9.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
51. Examine the legal position of the banker in the following cases: (a) B deposits gold ornaments worth Rs.50,000 with the Banker for safe custody. (b) D deposits Rs.40,000 with the Bankers to be held for two years as a fixed deposit.
(a) B deposits gold ornaments worth Rs.50,000 with the Banker for safe custody Facts of the case Issues in the case Principles associated with the […]