A banker who collects a cheque for and on behalf of his customer is-----------------.

Related MCQs

• When a banker collects cheques, dividend warrants, bills or other services on behalf of the customer, the banker the banker acts as an__________
• A banker on whom a cheque is drawn by the customer is-----------------------.
• Where a customer by a letter has advised the bank directing the banker not to honour/pay a particular cheque such a letter is called
• Where a customer has issued a cheque date of which is yet to come such a cheque is called ---------.
• When a drawer draws a cheque without keeping sufficient balance and if the cheque is dishonored for insufficient funds, the drawer is punishable with and imprisonment which may extend to -------- and or a fine.
• A banker is obliged to keep the affairs of his customer secret except under special circumstances such as:
• One of the conditions to honour the cheque by the paying banker is that amount in figures and words should---------.
• When a banker makes payment of a cheque after making hour he will be held ---------.
• When a cheque is drawn on a bank, the banker is called the___________
• A cheque can be crossed by drawing two transverse parallel lines through top left corner of cheque is called -------------.