MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

In cash credit accounts the period of limitation is of three years. to be counted from:

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Important Questions on Loan Policy and Loan Documentation

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 18
In the case of a HUF account, if the part payment of debt is made by the agent of the Karta or by the manager then this payment:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 19
If the acknowledgement is in writing under full signatures & only for a part of the debt:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 20
What is the limitation period available to a holder of cheque dishonoured due to insufficiency of funds U/S 138 of NI Act?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 21
Against an order or decree of a lower court an appeal before High Court can be filed within:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 22
If limitation expires against the borrower, which is guaranteed by a 3rd party, what remedy is available with the bank for recovery of the dues?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 23
What is the period of limitation?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 24
For the execution of a decree an application can be moved:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 25
Bank decides to file a suit on Jan 25, 2016, but the Limitation is expiring on January 26, 2016, and the bank is closed on January 27, 2016. What is the next step?