liability of discounted cheques
This query is : Resolved
Anil Kumar Kedia
(Querist)
27 August 2008
one person has taken the cheques of other party and discounted in his bank and bank sent these cheques to concern banker for payment , on the presentation the cheque was returned wothout payment as there was no enough amount in party's bank account. Who will be liable to make the payment to banker as it payment was already taken by holding party
28 August 2008
The other party who approached the bank and got the cheque discounted.
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