MGT 611 GDB 1Spring 2021 Solution Required.
Read the following cases and answer the questions given at the end.Murtaza drew a cheque for Rs. 50,000 in favour of his landlord Abdullah. The cheque was not presented for payment by Abdullah within a reasonable time of its issue. Murtaza suffered damage of Rs. 30,000 through the delay because the bank failed.Describe whether Abdullah can recover the money in the above circumstances as per the Negotiable Instruments Act, 1881.A cheque is drawn payable to 'B or order'. It is stolen and B's endorsement is forged. The banker pays the cheque in due course. Is the banker discharged from liability? Would it make any difference if the drawer's signature were forged?Any material alteration to a negotiable instrument renders the instrument void. What are the exceptions to this rule?See More
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