Non-payment of cheques, Business Law and Ethics

Assignment Help:

Non-Payment of Cheques

A banker's authority about pay a cheque that will be determined or that terminated through: like;

(a) Countermand of payment, below s.75 (a). the Act does not prescribe the mode in the countermand is such to be effected. Further it may thus be done orally or in writing. Conversely a means of obtaining the evidence that of the countermand, such bankers frequently utilized a written notice also. a cheque is countermanded such the drawer instructs the bank not to honour such the cheque presented for payment. Although to be effective, hence the notice must subsist prearranged to the banker before the cheque is just paid. almost despite the countermand, such the bank pays the cheque, such it will be liable for refund the money about to the drawer: like; Burnett v Westminster Bank Limited there.

(b) Notice of the customer's death - Cheques drawn through a customer previous to his death are such valid because like a precaution as the banker will not honour them. So one is

(c) conversely the customer’s account such has insufficient funds so, one is

(d) Notice of such the presentation of such a bankruptcy petition against then the customer. This terminates a banker's authority since of technical reasons under the Bankruptcy Act also.

(e) since the cheque has been altered or changed.

(f) further the cheque is irregular or uneven.

(g) One is as Garnishee Order - Conversely a Garnishee Order is an order such of the Court to a bank manager freezing such the account of a customer further notice from till the court there.

(h) Although insanity of the drawer also.


Related Discussions:- Non-payment of cheques

Re london and general bank, RE LONDON AND GENERAL BANK:           An a...

RE LONDON AND GENERAL BANK:           An auditor represented a confidential report to the directors calling their attention to the insufficiency of the securities in which the

What are the procedures that an employer needs to follow, QUESTION 1 Wi...

QUESTION 1 With the coming into force of the Employment Rights Act, how far has the freedom of the employer to unilaterally terminate contracts of employment been curtailed?

Contractual capacity of drunken persons, Contractual Capacity of Drunken Pe...

Contractual Capacity of Drunken Persons Whether a person purported to enter with a contract at a time at what time he was too drunk to understand then what he was doing and th

State the advantage of the information on the legislature, Advantage of the...

Advantage of the information on the legislature The main result was that voters take advantage of the information on the legislature - executive trade-offs in policy process. W

Classification of precedent, Classification of Precedent So as a prece...

Classification of Precedent So as a precedent may also be classified as like; An original precedent whether it is one that creates and applies a new legal rule; o

State article 3 of air and outer space law, State Article 3 of air and oute...

State Article 3 of air and outer space law Article 3 refers to the fact that the Convention would be applicable to the civil aircraft only and not to the state aircraft. Also,

Dormant Commerce Clause, In 2001, Puerto Rico enacted a law that requires s...

In 2001, Puerto Rico enacted a law that requires specific labels on cement sold in Puerto Rico and imposes fines for any violations of these requirements. The law prohibits the sal

Non-accepting shareholders, Non-accepting shareholders: Acceptance on ...

Non-accepting shareholders: Acceptance on the required scale must be obtained within a maximum of four months from the date of the offer.  The position then is that: (a) at

Essay on Legal Change, Identify and explain any legal changes which had res...

Identify and explain any legal changes which had resulted from Economic changes, Changes in our moral values and Political changes

Powers and duties - Company secretary, Powers and Duties:  The powers ...

Powers and Duties:  The powers and duties of the secretary depend on the size and nature of the company and the personal contractual arrangements that it makes with him. Howev

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd