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Report No. 11

Part IV

Cheques

141. Cheque payable to order or bearer.-

(1) Where a cheque payable to order purports to be indorsed by or on behalf of the payee, the drawee is discharged by payment in due course.

(Section 85(1)]

(2) Where a cheque is originally expressed to be payable to bearer, the drawee is discharged by payment in due course to the bearer thereof, notwithstanding any indorsement whether in full or in blank appearing thereon, and notwithstanding that any such indorsement purports to restrict or exclude further negotiation.

(Section 85(2)1



Negotiable Instruments Act, 1881 Back




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