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.
An agreement that is sold over an exchange to buy/sell a financial instrument at a fixed future date is know :
Which of the following does not fall under the category of commercial banks  ?
What is the minimum corpus required for each scheme of a Special Situation Fund (SSF)?
In the January 2024 circular on bulk deposits, which tier of UCBs has a revised bulk deposit threshold set at ₹1 crore?
While finalizing the current year's profit, the company realized that there was an error in the valuation of closing Inventory of the previous year. In ...
Which of the following Schemes allows the retail investors to Open & maintain retail Gilt account with RBI?
If the fixed cost is Rs.43,500 and the company, the contribution is Rs.500 per unit, how many unit sales would a company need to do to earn a profit of ...
Present liability of uncertain amount, which can be measured reliably by using a substantial degree of estimation is termed as ?
As per section 44 of the Companies Act 2013, The shares or debenture or other interest of any member in a company is movable property transferab...
The capital of a sole trader would change as a result :
