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WHETHER A CHEQUE PAYABLE TO A BEARER CAN BE NEGAOTIATED?

Sunday, 27 September 2009 21:44 Raghwendra Nath Pandey
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Yes, by delivery alone is sufficient.
 

CAN A NEGOTIBLE INSTRUMENT BE DRAWN WIHTOUT CONSIDERATION?

Sunday, 27 September 2009 21:43 Raghwendra Nath Pandey
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Yes sec 43 deals but it crates no liability/responsibility.
 

CAN A MINOR OPEN AN A/C, ENDORSE, NEGOTIATE?

Sunday, 27 September 2009 21:41 Raghwendra Nath Pandey
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Yes no legal bar sec 26 allows. But no personal liability.
 

WHAT IS THE LIABILITY OF DRAWEE OF A CHEQUE?

Sunday, 27 September 2009 21:42 Raghwendra Nath Pandey
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Sec 31 deals with the duties of a banker as a drawee of a cheque. If the conditions as to the honouring of a cheque are satisfied then the banker is discharged.

 

IF THE MATURITY DATE IS PUBLIC HOLIDAY WHAT TO DO?

Sunday, 27 September 2009 21:39 Raghwendra Nath Pandey
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The next preceding business day would be the maturity date.
 

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