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Report No. 11

142. Revocation of banker's authority.-

The duty and authority of a banker to pay a cheque drawn on him by his customer are determined by-

(1) countermand of payment;

(2) notice of the customer's death;

(3) notice of adjudication of the customer as an insolvent.1

1. See section 75, BEA.

Negotiable Instruments Act, 1881 Back

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