A Collecting banker is given the statutory protection only when he acts as...

Related MCQs

• A collecting banker is given protection only when he collects
• The endorsement on the cheque is fictitious and the collecting banker failed to check it the cheque is paid by the paying banker
• To get protection under Sec 131 of NI Act collecting banker should collect the cheque
• To get statutory protection, paying banker must make:
• In case collection of a bank draft the collecting banker is protected against conversion under _____ section of Negotiable Instruments Act 1881.
• When the cheque is dishonored, the collecting banker is not bound to give notice of the same to his customer within a reasonable time.
• The collecting banker is bound to show due care and carefulness in the collection of cheques presented to him.
• In case a collecting banker has realized the cheque, he should pay the interest to the customer as per his (customer’s) direction.
• The banker has a statutory obligation to.........
• When banker received deposits from the customer, then the banker becomes -------------- of the customer.