The cases in which defective IPOs be paid without reference to higher authority
a) The IPO was first erroneously receipted by a person other than the payee entire
cancelled and properly receipted by the payee.
b) Receipting signature of the payee scored out by mistake or for defective one and
properly receipted.
c) Where the IPO was erroneously receipted the purchaser, it subsequently cancelled
and receipted by the payee.
d) All the above
a) The IPO was first erroneously receipted by a person other than the payee entire
cancelled and properly receipted by the payee.
b) Receipting signature of the payee scored out by mistake or for defective one and
properly receipted.
c) Where the IPO was erroneously receipted the purchaser, it subsequently cancelled
and receipted by the payee.
d) All the above