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Cheque

(Querist) 24 May 2012 This query is : Resolved 
mr a dies after signing a blank cheque. he signs the cheque on behalf of the company.

1.now what is the legal position of the company?
2.whether the cheque is valid?
3.can company draw that cheque?
Report Abuse
C. P. CHUGH (Expert) 28 May 2012
A cheque signed by an authorised signaory is a valid unless such authority has been withdrawn. It is the duy of the company to inform the bank about the demise of an authorised signatory.

Cannot understand how a cheque issued on behalf of the comapany be drawn by the said company. Pls explain.
Shonee Kapoor (Expert) 31 May 2012
How can company draw the same cheque?

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com
Guest (Expert) 31 May 2012
Student exercises should be avoided to be posted at this forum. You ay better ask your class teacher.

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