It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current account.

Related MCQs

• 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.
• When customer's account overdrawn or when customer has taken loan from banker, then the customer.
• When banker received deposits from the customer, then the banker becomes -------------- of the customer.
• When banker received deposits from the customer, then the banker becomes -------------- of the customer.
• In case of collection of cheques and bills, the relationship of the banker with the customer is that of
• There is legal obligation for a banker to collect the bills of exchange for its customer.
• 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.
• Special damages refers to damages payable by a banker to his customer for the actual ------------- loss suffered by customer.