To get statutory protection, paying banker must make:

Related MCQs

• The paying banker can get protection for a materially altered cheque provided __.
• The endorsement on the cheque is fictitious and the collecting banker failed to check it the cheque is paid by the paying banker
• A Collecting banker is given the statutory protection only when he acts as...
• To get protection under Sec 131 of NI Act collecting banker should collect the cheque
• The paying banker who makes cash payment of a cross cheque at the counter shall be liable for the loss of
• The paying banker is protected under following SECTION for payment of cheque with forged signature of the drawer.
• The paying banker is expected to pay the cheque to the genuine payee as per the direction of the drawer.
• The paying banker should pay the cheque when there is restriction imposed on the payment by the drawer or by the law.
• The banker has a statutory obligation to.........
• When banker received deposits from the customer, then the banker becomes -------------- of the customer.