Dishonor of Cheque

1) Preface

A dishonored cheque is such cheque which presented to bank to receive a certain amount but it is refused by the bank to pay due to insufficient funds because the banker can honor the cheque or refuse to pay it on any valid ground. . Dishonestly issuing a cheque is a criminal in Pakistan.The negotiable instrument act 1881 is providing the circumstance when banker is answerable for dishonoring the cheque and when banker is bound to dishonor the cheque.

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