Multiple choice

Which of the following pairs does not match with regard to protection to the bank?

  1. Section 10 - when payment is made in due course

  2. Section 131 - when payment is made on the basis of regular endorsement

  3. Section 89 - when payment of a materially altered cheque is made but alteration is not visible to naked eye

  4. Section 85(2) - when payment of bearer cheque is made without taking into account the endorsement
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B Correct answer
Explanation

Section 131 - deals with the non-liability of banker receiving payment of cheque

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