Material Alteration (Sec 89)

PPB Payment and Collection of Cheques and Other Negotiable Instruments Free JAIIB Capsule 29 views Updated
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PPB · Payment and Collection of Cheques and Other Negotiable Instruments
Is a paying bank liable if it pays a materially altered cheque where the alteration was not visually apparent at the time of payment?
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Is a paying bank liable if it pays a materially altered cheque where the alteration was not visually apparent at the time of payment?

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This capsule covers Principles & Practices of Banking, Payment and Collection of Cheques and Other Negotiable Instruments. Members get the complete explanation plus every other premium capsule, mock test and PDF.

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