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Discuss a banker right of set-off

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Question - Mr. X has a current account with ABC Bank Ltd. His clerk forged his signature to a cheque for TK. 50.000/- and encashed it as the bank. Mr. X, having come to know of this irregularity claims the amount from the banker. Meanwhile, the banker claims that he has paid it in due course. Can a banker escape from his liability?

Discuss a banker's right of set-off and right of appropriation.

Reference no: EM132425792

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