MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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Which of the following types of a cheque can be endorsed?
 

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Important Questions on Banking Law and Practice

HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 8
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:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 9
If a holder (the endorser) of a cheque destroys the endorsed remedy without his consent, the endorser is discharged of his liability towards the endorsed. The statement is _____.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 10
After restricted endorsement, the cheque can be endorsed but payee's account crossed cheque cannot be endorsed:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 11
Endorsement on a bearer cheque will be ignored by the paying bank if such cheque is presented for payment.
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 12

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

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 13
Your customer Mr Veerapan issue a cheque payable to 'self or order', for Rs. 550000. Is it presented for payment by his peon Mr Prakash the cheque is endorsed by Mr Veerapan in the blank? 
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 14
Mr Suresh receives a cheque of Rs. 500 as payee and endorses it in favour of Mr Satish and he, in turn, endorses it to Mr Sham Lal which reads as 'pay to Mr Sham Lal sans recourse'. Mr Sham Lal endorses the cheque in favour of Mr Shoaib Akhtar when he approaches the bank for obtaining Payment, the cheque is dishonoured. Who is among the following is not liable on the cheque?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 15
Endorsement by a minor or endorsement in minor's favour is valid but minor is not liable on that.