A cheque has been deposited by a customer with his bank for collection. The bank allows overdraft against the security thereof. The bank becomes | Faculties

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Mr. Dubey

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📊 Banking and Finance 3

Q. A cheque has been deposited by a customer with his bank for collection. The bank allows overdraft against the security thereof. The bank becomes

(A) Holder of the cheque
(B) Holder in due course
(C) Holder for value
(D) Drawer of the cheque

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✅ Correct Answer: (C) Holder for value

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