Question

X is the Trustee of a charitable Trust in which capacity he is authorised to sign alone
on Trust's bank account which is kept with Y Bank. X's personal account is with Z
Bank, where he has maintained an average credit balance Of Rs. 5000.
X draws a cheque on the Trust's account in favour of himself for Rs. 85000 which he
pays in at Z Bank for credit of his personal account. The cheque is duly collected by
Z bank and the proceeds credited to his account. Later on the Trustee is accused of
siphoning money of the Trust into his account. What is the position of Z Bank? Is Z
Bank responsible for conversion of money?
A drew a cheque for Rs. 20000 in favour of B on April 2020 and gave it to him
the same day. B who left the station immediately on a long pilgrimage tour forgot
about the cheque and when he returned and took it to the Bank on September
2020. The cheque got subsequently dishonoured. Does B have any recourse in this
case against A and the bank for recovering the amount?
Discuss if the following endorsements are regular:
a) Leela Prasad endorses a cheque in favour of R. Kumar. R. Kumar subsequently
endorses it in favour of Mohan Lal but signs it as Raj Kumar.
b) Ram Lal endorses the cheque to Shyam Lal, Shyam Lal endorses it to Mohan Lal.
Mohan Lal subsequently, endorses it to Sohan Lal, who presents it to the banker.
The Banker on close inspection finds out that all the endorsements have been
made in the same handwriting.

Answer 1

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Answer 2

Answer:

thanks for free points