Legal Question in Banking Law in India

section 4, 5 and 20 ni act
. in section 4 and 5 of negotiable instrument
act certain person and certain amount is written and in section 20 it is
written that wholly blank instrument can be given, now I want to know what
is the meaning of certain person and certain amount , when these should
be certain at the time of issuing of the instrument or at the time
of presentation for payment of the instrument or any other time?

Asked on 12/26/04, 10:38 am

JATIN POPAT JSP ASSOCIATES

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Re: section 4, 5 and 20 ni act

When a chequue is issued blank - issuer of cheque is giving 'implied' authority to the receipant of cheque to fill the details including amount

Answered on 12/29/04, 12:11 am

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