Negotiable instruments

wud u lyk to clerify dis que a little more????

technically and legally there is no issue and banker cant deny the holder in due course the realisation of the amount. no where in NIA it has been written that it shall be signed at the back of the Cheque.

this is possible if cheque is a bearer cheque, otherwise when cheque is payable to order only then account holder has to sign on the back of the cheque also

If a cheque paid as bearer cheque the person holding the cheque can get the payment. Signing on the back side of cheque is a procedure of bank which is taken as receipt of money.

If a cheque issued as TO order then the bank has liable to pay only that person whose name is written on the instrument.

If a cheque is issued as Self then signature of account holder required on back side of cheque and if the withdrawaer is different from the account holder authorisation is also required.