Construct indemnity bond?
1 year ago
Banking
In the absence of any compulsion from outside, a banker voluntarily takes up the duty of honoring a bill just to please his customer, and thus, to render him some service. But, he should keep in mind that the statutory protection extended to cheque under Sec.85 of the Negotiable Instruments
Act is not extended to the payment of bills.
Rusma Khadka
May 23, 2023