N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 31: TEST YOUR SELF

A saving bank customer of your branch Mr. Ram Babu has given the authority to Mr. John to operate the account. Which among the following are the circumstance when the authority given will cease to operate:

A power of attorney can be registered with:

A power of attorney is given on Jan $31$, $2006$, by X to Y. Y has issued a cheque dated as on Feb $12$, $2006$. But later on, on Feb $28$, $2006$, the power of attorney is canceled. X refuses to pay the cheque signed by Y. In the given situation, which of the following shall be applicable?

A mandate in a partnership account can be canceled by_____.

A power of attorney executed abroad and attested by Notary public in that country:

An illiterate person who maintains an SB A/c wants to go abroad for some time. He wants to authorise his wife to operate the account. Which among the following will be the most convenient/easy way to achieve the objective:

A gives a mandate in favour of B to operate his account. Later on, a power of attorney is executed by A in favour of his wife. In the case:

In a joint a/c, the mandate can be cancelled by: