Words vs Figures (Sec 18)

PPB Payment and Collection of Cheques and Other Negotiable Instruments Free JAIIB Capsule 26 views Updated
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PPB · Payment and Collection of Cheques and Other Negotiable Instruments
If the amount written in words on a cheque differs from the amount written in figures, which amount is the paying banker legally bound to pay?
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If the amount written in words on a cheque differs from the amount written in figures, which amount is the paying banker legally bound to pay?

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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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