Legal Question in Banking Law in India
X issues a cheque in the name of Y.Y endorses it to Z for valid consideration.Z while encashing it found X have countermanded payment of the same. state whether Z the holder can get the benefit under section 59?
Asked on 11/06/13, 5:51 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
Yes, as he is a holder in due course.
Answered on 11/09/13, 3:32 am
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