2. Mr. Mathur is a salaried individual, who earns salary of Rs.50,000/- per month from M/s. Indus Motor Company Limited, his company pays salary via crossed A/c Payee’s cheque in his name, does his wife can encash her husband’s salary cheque in her bank account? (Answer shall be in Yes or No)? 01 Mark
a. If Mr. Mathur receives a crossed A/c Payee’s cheque of Rs.50,000/-, does he receive cash from bank cash counter? 02 Marks
b. If Mr. Mathur’s salary A/c Payee’s cheque with his name of Rs.50,000/- has been snatched by some lotters on street with his iphone9, under such situation what does he actually lost?
