What Is Meant By The Terms 'sufficient Cause' And 'bonafide Payment'
What Is Meant By The Terms 'sufficient Cause' And 'bonafide Payment'?
- Sector-1, Noida
The term 'sufficient cause' means a good and reasonable cause which will satisfy the court about the conduct of a person being genuine and 'bonafide payment' means payment tendered genuinely and in good faith generally with the actual belief that the person to whom payment is being made is the actual owner or has valid right and title tot the particular thing or property.
Answered on 28 Sep 2018
2/2 people found this helpful
Didn't find the answer you are looking for?
Talk to experienced lawyer online and get your answered in minutes.