Facts of the Case Issues in the Case Principles Associated With It Judgement
Tag: negotiable instruments act
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
17. “We have received the sum of Rs.9,000 from shri R.R.Sharma. This amount will be repaid on demand. We have received this amount in cash. Is this a promissory note ?
Facts of the Case Issues in the Case Principles Associated With It Judgement
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