https://www.taxtmi.com/acts?id=7667 A drawee is discharged by payment in due course when a cheque payable to order bears an endorsement by or on behalf of the payee. If a cheque is originally payable to bearer, the drawee is discharged by payment in due course to the bearer despite any endorsements, whether full or blank, and despite endorsements purporting to restrict or exclude further negotiation. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7667 A drawee is discharged by payment in due course when a cheque payable to order bears an endorsement by or on behalf of the payee. If a cheque is originally payable to bearer, the drawee is discharged by payment in due course to the bearer despite any endorsements, whether full or blank, and despite endorsements purporting to restrict or exclude further negotiation. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7667