Subject :- Business & Labor Law (MGT611)

Murtaza drew a cheques for Rs. 50,000 in favor of his landlord Abdullah. The cheques was not presented for payment by Abdullah within a reasonable time of its issue. Murtaza suffered damage of Rs. 30,000 through the delay because the bank failed.

Describe whether Abdullah can recover the money in the above circumstances as per the Negotiable Instruments Act, 1881.

A cheques is drawn payable to 'B or order'. It is stolen and B's endorsement is forged. The banker pays the cheques in due course. Is the banker discharged from liability? Would it make any difference if the drawer's signature were forged?

Any material alteration to a negotiable instrument renders the instrument void. What are the exceptions to this rule?

Note:-Solve these question and please explain in detail in such a way that i will get 15/15 marks.