ALOKE KUMAR BHATTACHARYA (practice) 25 February 2019
G.L.N. Prasad (Retired employee.) 26 February 2019
Any alteration/modification/Addition in material contents namely name of the payee, amount, date etc., amount to material alteration and can only be honoroured by drawee bank if there is authentication with full signature of the drawer/depositor.
ALOKE KUMAR BHATTACHARYA (practice) 26 February 2019
Mr.A has an sb.account in X bank. " Mr.A" received one account payee cheque in which his name" A" was printed but not full name. The drawer forgot to write the payee's sb account number after the name of "Mr.A " NOW -
" Mr.A" added his full name after "A" with his sb.account number and presented for payment before his "X" bank. The cheque was drawn on the same "X " bank
CAN DRAWEE BANK REFUSE TO PAY ON GROUND OF DISHONOURED BY NON ACCEPTANCE ?