Osmania University · Faculty of Law
Law of Banking and Negotiable Instruments · May/June 2019
May/June 2019 · Law of Banking and Negotiable Instruments · Semester 5
PAPER - III : LAW OF BANKING AND NEGOTIABLE INSTRUMENTS
FACULTY OF LAW
LL.B. (3 YDC) III Year V Semester / B.A. LL.B. (5 YDC)
BBA LL.B. (5 YDC) V Year IX Semester Examination, May / June 2019
Time : 3 Hours Max. Marks : 80
PART - A (5 x 6 = 30 Marks)
Answer any FIVE of the following :
1. Customer.
2. Group Banking.
3. Overdraft.
4. Bankers Liability.
5. Pro-Note.
6. IDBI.
7. E-Banking.
8. Garnishee Order.
PART - B (2 x 15 = 30 Marks)
Answer any TWO of the following questions :
9. Who is a Banker? Explain the general relationship between a Banker and his customer.
10. Explain the penal provisions under the N.I. Act in the light of the IT Act.
11. Explain the modes of discharge of parties under the Negotiable Instruments Act, 1881.
12. "Banker's obligation to maintain the secrecy of a customer's account is not absolute." —
Comment.
PART - C (2 x 10 = 20 Marks)
Answer any TWO of the following questions :
13. 'X' couldn't present the cheque received from his relative due to a busy schedule. The period of
limitation is about to expire on a day which happens to be a public holiday. Advise 'X'.
14. A, being indebted to B, gives B a cheque which B later presents in due time; payment is refused
because of the bank's failure. What are B's rights?
15. "Mr. 'P', please let bearer have Rs. 500/- and oblige," signed by Q — is this document a Bill of
Exchange or not? Explain.
16. 'A' draws a bill as "pay to X or order the sum of ten thousand rupees." In the margin, the amount
stated is Rs. 1,000/-. Discuss the legal position.