Section 131 of the Negotiable Instruments Act deals with:
Section 131 protects a banker who "in good faith and without negligence" receives payment for a customer of a crossed cheque, if the customer's title proves defective. The…
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Section 131 of the Negotiable Instruments Act deals with:
Answer and explanation
Correct answer A
Section 131 protects a banker who "in good faith and without negligence" receives payment for a customer of a crossed cheque, if the customer's title proves defective. The paying banker's liability is s.129, the drawer's protection is s.128, and the application of the crossing rules to drafts is s.131A.
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