Question
Under the Negotiable Instruments Act, 1881, Section 126,
a banker is protected from liability when honouring a cheque if:Solution
Section 126 of the NI Act provides statutory protection to paying bankers who honour cheques in good faith where: (1) customer's account has sufficient funds, (2) signature appears genuine, and (3) no legal bar exists (stop payment, garnishee order, insolvency notice). This balances customer control with banker operational efficiency.
Under Section 11(4)(a) of the Environment (Protection) Act, 1986, if occupier wilfully absents himself when sample is taken:
According to the provisions of the Contract Act, what happens when a proposal is accepted?
An amendment to the constitution is__________.
According to the IBC if the operational creditor does not receive payment from the corporate debtor or notice of the dispute, the operational creditor m...
Which of the following is not true about lawful questions that can be asked in a cross-examination?
As per Regulation 8 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003, what is the duty of ...
What constitutes the use of criminal force under the Bharatiya Nyaya Sanhita?
What is the composition of the Supreme Court Legal Services Committee as per the Legal Services Authority Act?
(PYQ) Under the Negotiable Instruments Act, 1881, a "Cheque" is defined as a Bill of Exchange drawn on a:
Section 13 Government Analysts under the Environment (Protection) Act, 1986 analyse samples sent to laboratories established under:
