Multiple choice

In a joint account, if one of the signatures is forged,

  1. the banker can make payment due to correct signatures of the one

  2. the banker cannot make the payment

  3. there will be an order from court

  4. All of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In a joint account, if one of the signatures is forged, then there is no mandate and banker cannot make payment.

Keep practicing — related questions