N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 7: TEST YOUR SELF

Mr. Dharmvir has given a power of attorney to Mr. Ashok Kumar for the operation of accounts and dealing with negotiable instruments drawn in favor of Mr. Dharmvir. What will be the correct endorsement by Mr. Ashok Kumar among the following:

You receive a cheque for payment from the account of your customer Arun, but it is endorsed with a pencil. The endorsement is otherwise regular. You will consider it:

Z endorsed a cheque in the blank, in favor of B who negotiates it in favor of C, and C transferred it to D without endorsement. In the event of dishonor of the cheque:

Which of the following types of a cheque can be endorsed?
 

X issues a cheque favouring Y with a condition that the payment is to be made when Y fulfils a condition. Y obtains the payment from the bank without satisfying the condition. X demands damages from the bank for not ensuring compliance:

Who among the following is competent to endorse a cheque or other instrument?

An order cheque $Rs 10000$ is received by Major Gurdial Singh in consideration of certain services he has rendered. He negotiates this cheque to Mr Bhadur Singh does not face any difficulty later on:

Your branch received a cheque of $Rs 10,000$ cheque Payable to Mrs. Sham Sunder or order through the clearing house. It is endorsed by Mrs Sham sunder (Rani her actual name). What is the correct way of Endorsing this cheque, on the basis of which the bank is to pass the cheque?