The collecting banker is bound to show due care and carefulness in the collection of cheques presented to him.

Related MCQs

• 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 endorsement on the cheque is fictitious and the collecting banker failed to check it the cheque is paid by the paying banker
• In case of collection of cheques and bills, the relationship of the banker with the customer is that of
• In case collection of a bank draft the collecting banker is protected against conversion under _____ section of Negotiable Instruments Act 1881.
• The payment should be made when the cheques are presented for payment within a reasonable time after being drawn and during banking hours.
• It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current
• Section 45 of the Negotiable instruments Act, has imposed upon the banker the obligation to honour customers cheques.
• It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current account.
• Bankers undertake the duty of collection of cheques and bills because......
• A collecting banker is given protection only when he collects