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Under the Negotiable Instruments Act, 1881, a banker receiving payment of a crossed cheque for a…

Under s.131, a banker who receives payment of a crossed cheque for a customer is protected only if he acts in good faith and without negligence, not merely one of the two,…

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Under the Negotiable Instruments Act, 1881, a banker receiving payment of a crossed cheque for a customer is protected if he acts:

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Correct answer C

Under s.131, a banker who receives payment of a crossed cheque for a customer is protected only if he acts in good faith and without negligence, not merely one of the two, or under a court order.

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