MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

A has received an order cheque which bears a forged endorsement in his favour. The cheque was originally issued in favour of Mr.X who endorsed in favour of Y but Y had misplaced it and Z who found this cheque endorsed it in favour of A by forgings X’s signature. The holder of cheque will be?

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Important Questions on Banking Law and Practice

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
Holder in due course is defined u/s _____ of NI Act.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
Endorsee of a forged cheque is deemed, to be holder in due course, if he has obtained the instrument for value, lawful consideration and good faith?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
The holder of a cheque is holder in due course if (a) he has right of possession (b) he receives instrument for lawful consideration (c) the instrument in his possession. Which of these should be satisfied?
 
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 5
A customer tenders to a bank an outstation cheque of Rs.10000 for collection. He requests for instant credit, to which bank agrees. What would be bank be called?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 6
In case of a gift cheque, the payee cannot be a holder in due course (True/False).
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 7
Who among the following is only a holder and not a 'holder' in due course?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 8
If X is the payee of a cheque and cheque is misplaced, X is the only holder and not holder in due course.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 9
Holder id defined u/s _____ of NI Act.