The paying banker is protected under following SECTION for payment of cheque with forged signature of the drawer. | Faculties

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Mr. Dubey

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📊 Banking and Finance 3

Q. The paying banker is protected under following SECTION for payment of cheque with forged signature of the drawer.

(A) Sec 89 of N.I act
(B) sec 85[1] of N.I act
(C) sec 131 of N.I act
(D) no protection is available

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✅ Correct Answer: (D) no protection is available

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