There are many types of cheques available related to banking transactions, and the bearer cheque is also among them. Account holders can use this cheque facility to make their money transactions easy and safe. Here, we will discuss the bearer cheque. (1) What is a bearer cheque? The right side of the cheque specifically mentions […]
What is the Meaning of material alteration in a cheque? Material alteration means altering or changing some material parts of the instrument and trying to make it a valid creation with the purpose of the nature of that instrument. Due to the effects of Material Alteration, the said in strument becomes a void. However, a […]
The simple answer to this question is yes if Drawer’s Signature differs can attract to cheque bounce case but before we get the perfect answer, we have to know about which parameter and circumstances have become to know for believing that if drawer signature is a mismatch, then it attracts an amount to the dishonor […]
The answer to the above questions is yes. Suppose the drawer’s signature differs or mismatches with the specimen that is available on the bank record, and, for this reason, said cheque is not encashed but dishonored because the drawer’s signature differs. In that case, It shall be a punishable offense and Attract criminal proceedings as […]