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case study
#1
A cheque has been received by the drawer’s banker. On

scrutiny it has been observed that the word bearer was
altered into order again re-altered into bearer. The drawer
has signed only the cheque.

a The drawee bank to make payment.
b The paying banker will be in order to return the same
with a reason Material alteration requires drawer’s
authentication
c The above is not a material alteration.
d The responsibility lies with the collecting banker and not
the paying banker.
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