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Wysłany: Wto 15:24, 17 Wrz 2013 Temat postu: Guarantor criminally liable for dishonoured cheque |
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Guarantor criminally liable for dishonoured cheque,[url=http://cheapsoccercleatswithfreeshipping.webmium.com/][b]cheap soccer cleats for sale[/b][/url]
The criminal liability attracted under Section 138 of the Negotiable Instruments Act in the event of dishonour of cheque extends to the guarantor who issues a cheque in fulfilment of his obligations as guarantor,[url=http://duveticashoponline.blogspot.com/][b]duvetica shop online[/b][/url].
So held the Andhra Pradesh High Court in Laila Finance Ltd vs SA Engineering Services when the second respondent the widow of the sole proprietor of SA Engineering who inherited the properties of her husband on his demise,[url=http://discountparajumperssaleonlinestore.webmium.com/][b]2013 Parajumpers Jackets On Sale Parajumpers Parka Coat Online Store[/b][/url], including the sole proprietary business,[url=http://woolrichoutletde.albirank.net/][b]Woolrich Arctic Parka Woolrich Online Shop Woolrich Damen Parka Woolrich Deutschland Outlet[/b][/url], and who had stood guarantee for payment of hire purchase obligations of her husband issued a cheque in discharge of the obligations of her husband,[url=http://rogervivieroutlet.webmium.com/][b]Roger Vivier UK Online Shop[/b][/url], but which bounced.
The High Court did not go into the question whether she indeed had stepped into the shoes of her deceased husband's business,[url=http://monclerjacketsuk.albirank.net/][b]Moncler Outlet Online Store UK Cheap Moncler Jackets Coats Sale[/b][/url]. It did not deem it necessary to do so in view of her other role in the transaction guarantor,[url=http://woolrichoutletde.albirank.net/][b]Woolrich Damen Parka[/b][/url]. A guarantor issuing a cheque issues the same in discharge of and hence is criminally liable when the same is dishonoured,[url=http://woolrichoutletde.albirank.net/][b]Woolrich Outlet[/b][/url].
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