Question
Where a cheque payable to order purports to be endorsed
by or on behalf of the payee, the ÂÂ_________ is discharged by payment in due courseSolution
As per Section 85 of NI Act S. 85. Cheque payable to order.— (1) Where a cheque payable to order purports to be indorsed by or on behalf of the payee, the drawee is discharged by payment in due course. (2) Where a cheque is originally expressed to be payable to bearer, the drawee is discharged by payment in due course to the bearer thereof, notwithstanding any indorsement whether in full or in blank appearing thereon, and notwithstanding that any such indorsement purports to restrict or exclude further negotiation.
Name the company which became India's first firm to cross ₹6-lakh crore market capitalization?
Which of the following dams is not situated on the river Betwa?
Who founded the city of Amritsar?
Consider the following statements:
1. The source of sunlight and heat is Nuclear Fusion.
2. The Hydrogen Bomb is based on Nuclear Fusion.<...
What was the name of the women's regiment formed by Subhash Chandra Bose in 1943?
What is the official currency of Bangladesh?
The Araku Valley, a tourist resort, is located near which of these cities of South India?
Which one of the following dams is in Jharkhand?
First time in India's legislative Assembly history, union budget presented on 1st February ___________ ahead of usual date in the past.
The GST Council, that takes all decisions regarding implementation of GST, is headed by
