DONT do this mistake while giving cheque!!! #legalshorts #niact

In India, giving a blank signed cheque is risky because it can be misused, allowing the holder to fill in any amount or payee details, leading to potential financial loss and legal issues. If the cheque is dishonored due to insufficient funds, the drawer can face legal consequences under the Negotiable Instruments Act. Additionally, blank cheques compromise control over financial transactions and could lead to disputes or fraud. Therefore, it is crucial to issue cheques with all relevant details filled in to avoid these risks and ensure financial and legal protection.

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#legalshorts #niact #negotiableinstrument #chequebouncecase #lawwithamaan