what were the issues of canara bank vs canara sales corporation
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Case Summary : The case comes with a broad meaning in defining the relationship in the law of equity between the banker and its customer about each others duty and point out the negligence in performing the duty.
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The bank approaced in with three important defense : (i) That the cheques were not forged ones (ii) that even if they were forged ones. the company was not entitled to recover the amount on account of its own negligence (3) that there was settlement of accounts between the parties from time to time and as such.
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