(1) introduction: Personal transaction or business transaction needs payment. All people like to have a cash payment. But sometimes, cash payment carries risk. To make payment secured, people seek negotiable …
Continue Reading…Difference between Promissory note and Cheque under the NI Act
Question: If the death of Complainant in the S.138 NI Act, can legal heir of deceased complainant continue to proceed in the cheque bounce case U/s.138 of NI Act? The …
Question: Whether demand notice can be faulted if any other sum indicated in addition to the said amount u/s.138 (b) of NI Act? The answer to the question is no. …
(1) What is a gift cheque? The gift cheque is another banking instrument presented for gifting money to the loved ones alternatively of hard cash. people are used various types …
There are many types of cheque available related to the banking transaction and the bearer cheque is also among them. The account holders can use this cheque facility to make …
Continue Reading…Can dishonour of bearer cheque attract to cheque bounce case?
Meaning of material alteration in cheque? Material alteration means to make alter or change some material parts of the instrument and try to make it a valid created with the …
Continue Reading…What are the effects of material alteration in cheque?
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 …
The answer to the above questions is yes. If drawer’s signature differs or mismatch with the specimen which is available on the bank record and due to this reason said …