Legal Question in Banking Law in India
A ENDORSES A CHEQUE IN BLANK INFAVOUR OF B WHO BECOMES ITS HOLDER. HE NEGOTIATES IT IN FAVOUR OF C AND C TRANSFERRED THIS TO D WITH OUR ENDORSEMENT. \n1.IN THE EVENT OF DISHONOR ,EXPLAIN THE POSTIION OF D?\n2. IF IN THE OTHER CASE WHERE A MAKES SAN RECOURSE ENDORSEMENT TO B OTHER CONDITIONS REMAINS UNCHANGED WHAT IS POSITION OF D\n3. IF IN A DIFFERENCE CASE A ISSUES A CHEQUE IN FAVOUR OF B BUT PUTS A CONDITION THAT PAYMENT SHOULD BE MADE WHEN B FULFILLS A CONDITION,AND BANK PAYS TO B WITHOUT FULFILLING THE SAID CONDITION .WHAT IS THE POSITION OF BANK IF A CLAIMS DAMAGES FROM BANK. HOW THE CONDITIONAL ENDORSEMENT IS WORKING IN THE ABOVE CASE?
Asked on 7/29/09, 4:13 pm
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
You may better narrate your factual position instead of posing an academic question.
Answered on 7/29/09, 9:30 pm
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