NIA Section 128

Negotiable Instruments Act

US
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NIAChapter XIV

S. 128

Payment in due course of crossed cheque

Description

Where the banker on whom a crossed cheque is drawn, has paid the same in due course, the banker paying the cheque, and in case such cheque has come to the hands of the payee) the drawer thereof, shall respectively be entitled to the same rights, and be placed in the same position in all respects, as they would respectively be entitled to and placed in if the amount of the cheque bad been paid to and received by the true owner thereof.

By Raman Devgan
Updated: 31 Oct 2022
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