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QUESTION 7. (a) The paying bank is duty bound to pay a customers cheque provided the instrument meets certain criteria. Discuss these criteria in detail.
QUESTION 7.
(a) The paying bank is duty bound to pay a customers cheque provided the instrument meets certain
criteria. Discuss these criteria in detail. [10 MARKS]
(b) A forged signature is wholly inoperative (section 22 of the Bills of Exchange Act). Discuss.
[10 MARKS]
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
