The banker has a statutory obligation to.........

Related MCQs

• 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
• To get statutory protection, paying banker must make:
• A Collecting banker is given the statutory protection only when he acts as...
• There is legal obligation for a banker to collect the bills of exchange for its customer.
• It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current account.
• When banker received deposits from the customer, then the banker becomes -------------- of the customer.
• The endorsement on the cheque is fictitious and the collecting banker failed to check it the cheque is paid by the paying banker
• When banker received deposits from the customer, then the banker becomes -------------- of the customer.
• In case a collecting banker has realized the cheque, he should pay the interest to the customer as per his (customer’s) direction.