section 122-A of negotiable Instrument Act, 1881, provides
for evocation of bankes authority to pay a cheque drawn on
him by his customer, narrate the circumstances under which
this authority is revoked.
Answer / rk
The duty and authority of a banker to pay a cheque drawn on
him by his customer are determined by-
(1) countermand of payment(Stop Payment);
(2) notice of the customer's death;
(3) notice of adjudication of the customer as an insolvent.
| Is This Answer Correct ? | 3 Yes | 0 No |
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