Facts of the Case Issues in the Case Principles Associated With It Judgement
Tag: Holder in Due Course
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
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
8.’B’ Obtains A’s acceptance to a bill of exchange by fraud. B endorses it to ‘C’ 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
6. Mr.Srinu draws a cheque for Rs.2,000/- and hands it over to Balu by way of gift. Is Balu a holder in due course? Discuss the interest of Balu to receive the proceeds of the cheque.
Facts of the Case Issues in the Case Principles Associated With It Judgement
2. A bill payable to X or order was stolen by ‘Y’ who forged endorsement and negotiated the cheque to Z. Z took the cheque for value in good faith. Will Z have a bonafide title to the cheque? Decide.
Facts of the Case Issues in the Case Principles Associated With It Judgement
8. What are the legal presumptions of a Negotiable instrument?
The Negotiable Instruments Act, 1881 is the key legislation governing the usage of negotiable instruments like promissory notes, bills of exchange, and cheques in India. […]