Legal Question in Banking Law in India

section 4, 5 and 20 ni act

. in section 4 and 5 of negotiable instrument

act certain person and certain amount is written and in section 20 it is

written that wholly blank instrument can be given, now I want to know what

is the meaning of certain person and certain amount , when these should

be certain at the time of issuing of the instrument or at the time

of presentation for payment of the instrument or any other time?


Asked on 12/26/04, 10:38 am

1 Answer from Attorneys
JATIN POPAT JSP ASSOCIATES

Re: section 4, 5 and 20 ni act

When a chequue is issued blank - issuer of cheque is giving 'implied' authority to the receipant of cheque to fill the details including amount

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Answered on 12/29/04, 12:11 am


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