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Conversion

Dec

5

2011

What is conversion ?

In: Management Asked By: [81 Blue Star Level]
sunaina
Answer #1

it there is a happening inconsistent with owner’s right of possession which may be unlawful , then conversion is said to have taken place . An dorsement transferred into the cheque by fraudulent endorsement transferred into the customer’s account . For this a banker needds protection u/s 131 as provided by a formal introduction of the consumer to the bank .

Answers Answered By: suresh [255 Blue Star Level]
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