Section 45 of the Negotiable instruments Act, has imposed upon the banker the obligation to honour customers cheques.

Related MCQs

• It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current
• It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current account.
• Which of the following is/are true about the Negotiable Instruments Act, the Promissory Note is … A) Definition of Promissory Note is given in section 8 of the Negotiable Instrument Act B) Containing an unconditional undertaking C) To pay a certain sum of money only to a specific person or the bearer D) The seller is bound to accept the promissory note E) A document was written and signed by the payer/maker
• In case collection of a bank draft the collecting banker is protected against conversion under _____ section of Negotiable Instruments Act 1881.
• Dishonour of Negotiable Instrument by Non Payment is covered under section in Negotiable Instrument Act 1882…
• Which banker gets protection under section 85 of Negotiable Instrument Act, 1881?
• In Negotiable Instruments Act 1881, which section defines promissory note?
• Section 6 of the Negotiable Instruments Act defines ___.
• Which of the following section in the Negotiable Instruments Act deals with the Bill of Exchange?
• In case of collection of cheques and bills, the relationship of the banker with the customer is that of