Liability of banker for negligently dealing with bill presented for payment
Full Text
Liability of banker for negligently dealing with bill presented for payment.—When a bill of exchange, accepted payable at a specified bank, has been duly presented there for payment and dishonoured, if the banker so negligently or improperly keeps, deals with or delivers back such bill as to cause loss to the holder, he must compensate the holder for such loss.
Plain English Summary
Holds a bank liable to compensate a bill's holder if the bank negligently or improperly handles, delays, or returns a dishonoured bill, causing loss.
Key Legal Elements
- Applies to a bill of exchange accepted payable at a specified bank
- The bill must have been presented and dishonoured at that bank
- The banker handles, keeps, or returns the bill negligently or improperly
- The banker must compensate the holder for any resulting loss
Practical Note
Protects holders against bank negligence. If a bank loses a bill during clearing, fails to return it in a timely manner, or damages it, and this prevents the holder from suing the prior parties or recovering their money, the bank itself must pay damages equivalent to the loss.
हिंदी पाठ
भुगतान के लिए प्रस्तुत बिल को लापरवाही से संभालने के लिए बैंककार का दायित्व।—जब कोई विनिमय-पत्र, किसी निर्दिष्ट बैंक में देय के रूप में स्वीकार किया गया हो, वहां भुगतान के लिए विधिवत प्रस्तुत किया गया हो और अनादृत हो गया हो, यदि बैंककार इतनी लापरवाही से या अनुचित तरीके से ऐसे बिल को अपने पास रखता है, उसके साथ व्यवहार करता है या उसे वापस परिदत्त करता है जिससे धारक को नुकसान होता है, तो वह धारक को ऐसे नुकसान की क्षतिपूर्ति करने के लिए बाध्य है।