Legal Question in Banking Law in India

Bills of exchange

M a minor drew a bill on N after-sight. M endorsed the bill to x who without presenting the bill for acceptance to N , endorsed it to y with remark'' san recourse'' Y placed the bill and N refused the payment . are drawee,drawer and endorsee liable to pay


Asked on 4/04/09, 9:09 am

4 Answers from Attorneys
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: Bills of exchange

transation is void ab initio

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Answered on 4/05/09, 8:13 am
Prof.Somnath Mukherjee s.mukherjee associates,09874053359

Re: Bills of exchange

You are request to contact a lawyer or with me .

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Answered on 4/04/09, 11:09 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Bills of exchange

Y may not be able to sue M, the drawer, who is a minor and did not have legal "capacity" to contract.

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Answered on 4/04/09, 5:51 pm
J. Radhakrishnan independent Practice

Re: Bills of exchange

Minor being a drawer is incapable to enter into contract. Hence the Bill drawn by him will not make him liable. He also figuring as indorser does not improve the situation.N cannot be sued.

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Answered on 4/04/09, 9:50 pm


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