Payment of cheque can be stopped by mcq
SpletIf someone writes a cheque knowing that there are no funds to cover it, they will be arrested. This is why the bank asks for a police report; mostly for their protection, but a … Splet24. maj 2024 · A cheque can bounce due to insufficient balance. DD cannot be dishonored as the amount is paid beforehand. Payment of cheque can be stopped by the drawee, whereas payment cannot be stopped in DD ...
Payment of cheque can be stopped by mcq
Did you know?
Splet05. dec. 2024 · You can initiate an action under the provisions of NI 138 if the cheque has been issued in lieu of a legally enforceable debt. Dr J C Vashista (Advocate) 02 December … Splet28. okt. 2024 · The bench said that when a cheque is issued and is treated as ‘security' towards repayment of an amount with a period being stipulated for repayment, all that it ensures is that such cheque which is issued as ‘security cannot be presented before the loan or the instalment maturing for repayment towards which such cheque is issued as …
Splet20. maj 2016 · Section 138 of NI Act does not distinguish between a cheque issued by the debtor in discharge of an existing debt or other liability, or a cheque issued as a security cheque on the premise that on ... Splet11. mar. 2003 · The Supreme Court has ruled that the stop payment of post-dated cheques issued by a person to settle his debt or liability could amount to a penal offence. …
SpletThe "stale cheque" is defined in "merriam webster's collegiate dictionary," as " (1) tasteless or unpalatable from age, (2) tedious from familiarity, (3) impaired in legal force or effect by reason of being allowed to rest without timely use, or demand, (4) impaired in vigour or effectiveness." In the Tannan's book of "Banking Law and Practice ... Splet31. mar. 2024 · A cheque is said to be bounced or dishonoured by non-payment when the drawee of cheque makes a default in payment in when cheque is presented to him for payment. Liability of drawee on dishonour Liability of drawer on dishonour Dishonour of Cheques Liability of drawee on dishonour
SpletPayment of cheque can be stopped by चेक के पेमेंट को स्टॉप किया जा सकता है Topic : Digital Financial Tools and Applications A. Beneficiary - लाभार्थी B. Nominee - नामांकित C. …
Splet46. Payment of cheque can be stopped by a) Beneficiary b) Nominee c) Drawer of cheque d) All of above 47. Account payee cheques can be paid a) At cash counter of Bank b) At … surface mount flush bolts for wood doorsSpletPayment of cheque can be stopped by A cheque can be crossed by drawing two transverse parallel lines through top left corner of cheque is called -------------. Sec 138 state that … surface mount fire extinguisher cabinetSpletThe cheque payee’s bank have been unable to determine whether the cheque is a genuine payment or not e.g. due to a lack of mandate. This cheque will be automatically represented a maximum of twice, after the second occasion if the cheque is not paid we will not represent for payment. 6. Payment stopped. surface mount farm sinkSplet•2.The effect of a crossing a cheque is • (a) The payee can obtain payment only through a bank account • (b) The payee Is compelled to open an account • (c) The payee will have to endorse the cheque to a bank • (d) … surface mount for round fence postSpletE-Banking MCQ Questions and Answers Part – 3 101. . A banker should not refuse payment of a cheque if ________. A. . the cheque is a post dated cheque. B. . the cheque is drawn … surface mount frameless hingeSpletNo. The Payments Council announced on 12 July 2011 that cheques will continue for as long as customers need them. A previously announced target for closing the cheque … surface mount freezer doorsSplet27. dec. 2024 · When a cheque is issued by the company, there is a possibility of misplacement of the cheque or loss in transit. Then it is necessary to inform the bank to … surface mount glass passivated rectifier