Highlight circumstances for termination of the bank's authority to pay

      

Highlight circumstances for termination of the bank's authority to pay

  

Answers


Ruth
i) Where the customer's balance or limit is insufficient to cover the cheque.
ii) Countermand of payment by the customer
iii) Notice of an act of bankruptcy committed by he customer.
iv) Notice of death/mental incapacity of the customer
v) Notice of presentation of a bankruptcy petition against the customer
vi) Making of a receiving order against the customer.
vii) Assignment by the customer of the balance on the account.
viii) Service on the bank of a Garnishee Order attaching the balance of the customer's
account; or any injunction from the court prohibiting transactions.
ix) Notice of defect in the presenter's title.
x) Notice that the customer or payee is an undercharged bankrupt
xi) Notice of breach of trust by the customer drawing the cheque.
NatalieR answered the question on February 14, 2022 at 18:25


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