Multiple choice

If NI act exists, in which of the following circumstances is the bank obliged to pay the cheque drawn by the customer u/s 31?

  1. When the amount differs in words and figures

  2. When there is notice of death of the customer

  3. When an attachment order has been received

  4. When the signatures of the drawer are genuine but differ

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

If the amount undertaken or ordered to be paid is stated differently in figures and in words, the amount stated in words shall be the amount undertaken or ordered to be paid.