https://www.taxtmi.com/caselaws?id=199276 Under a sale of goods transaction using documents of title and a bill of exchange, property did not pass to the buyer until the bill was duly met. When the bill was dishonoured, the original bargain ended and the bank retained the right to deal with the goods. Section 113 of the Negotiable Instruments Act was held inapplicable because the reference to a drawee in case of need did not create a payer for honour situation. The later letter, correspondence and alleged oral dealings did not produce a fresh contract, as silence did not amount to acceptance and no authorised assent by a bank officer was proved. en-us Mon, 07 Apr 1941 00:00:00 +0530 Sat, 24 Feb 2018 11:25:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199276 Under a sale of goods transaction using documents of title and a bill of exchange, property did not pass to the buyer until the bill was duly met. When the bill was dishonoured, the original bargain ended and the bank retained the right to deal with the goods. Section 113 of the Negotiable Instruments Act was held inapplicable because the reference to a drawee in case of need did not create a payer for honour situation. The later letter, correspondence and alleged oral dealings did not produce a fresh contract, as silence did not amount to acceptance and no authorised assent by a bank officer was proved. Case-Laws Indian Laws Mon, 07 Apr 1941 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199276