JAIIB CAIIB MOCK TEST || CAIIB MOCK TEST | JAIIBCAIIB MOCK TEST |

JAIIB CAIIB STUDY MATERAILS

  1. In Sans recourse endorsement, liability of the endorser is excluded.
  2. In facultative endorsement, the notice of dishonour is waived.
  3. The 3 negotiable instruments are promissory notes, bills of exchange and cheque.
  4. A paying banker is protected under NI Act in the following cases:
    1. Forged endorsement in an
      1. order cheque under section 85 (1)
      2. bearer cheque under section 85 (2)
      3. draft under section 85 (A)
    2. Material alteration in a cheque under section 89
    3. Payment of a crossed cheque under section 128.

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