1.

When Should Banks Not Pay The Cheque?

Answer»

Bank should not PAY a CHEQUE in the following CASES:

  • Death of the drawer.
  • Insane customers
  • INSOLVENT customers
  • On receipt of valid stop payment instruction.
  • When cheque is post-dated.
  • When ACCOUNT has insufficient fund.

Bank should not pay a cheque in the following cases:



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