LLB 3 Sem Banking Law 4917 21 Feb 2022
LLB 3 Sem Banking Law 4917 21 Feb 2022
LLB 3 Sem Banking Law 4917 21 Feb 2022
4917–21
BANKING LAW
Time : Three hours Maximum : 100 marks
PART A — (3 × 12 = 36 marks)
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4. Explain the control of Reserve Bank of India over the other banks under the
RBI Act.
PART C — (4 × 4 = 16 marks)
Answer FOUR of the following (in not exceeding two pages each) by referring to
relevant provisions of law and decided cases with cogent reasons.
7. ‘A’ draws a cheque in favour of ‘B’. In the body of the cheque the words Rupees
one thousand six hundred and sixty five are written whereas the figure read as
Rs. 1,615. How should the Paying Banker deal with such a cheque on
presentation?
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8. ‘A’ executes a promissory note on attaining majority in consideration of the
money advanced to him while he was a minor. Can ‘A’ be successfully sued on
the promissory note by the creditor?
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9. Two cheques which were drawn by a customer for Rs. 1,500 and Rs. 1,200 are
presented at the same time and the customer’s balance is sufficient to honour
the cheque for Rs. 1,200 only. The bank dishonours both the cheques. Decide.
10. ‘A’ signed a blank stamped paper and gave it to ‘B’ and authorized him to fill it
as a promissory note for Rs. 20,000. But ‘B’ fraudulently filled it up for
Rs. 50,000 payable to ‘C’, who in good faith, advanced Rs. 50,000. Can ‘C’
recover this amount from ‘A’? Decide.
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11. A customer deposits his valuable securities, documents and ornaments with
the bank for safe custody and safety from theft. Does the banker have any lien
over such valuables?
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3 4917–21/TKE