Non-liability of banker receiving payment of cheque
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....of cheque. 131. A banker who has in good faith and without negligence received payment for a customer of a cheque crossed generally or specially to himself, shall not, in case the title to the cheq....
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....e duty of the banker who re­ceives payment based on an electronic image of a truncated cheque held with him, to verify the prima facie genuineness of the cheque to be truncated and any fraud, forg....
TaxTMI