ACT IN GOOD FAITH BUT WITH DUE DILIGENCE

“Life is unpredictable.We can not tell what will happen in a minute.We have no control of tomorrow, and it's details. Live a careful life.” ― Lailah Gifty Akita

Section 10 of NI Act stipulates to act in good faith and without negligence. But, unfortunately, we often give too much weight to acting in good faith and acting without negligence remains ominously lacking.

  A bank officer was on leave for three days; after his return, he verified, in good faith, one DEBIT CARD entered into the bank's system three days ago. But due to apparent workload, he did not check carefully all the details of the person who got the debit card. Later on, staff knew to their dismay that a fraud took the debit card and withdrew Rs.1, 10,000/- from the account of another customer. Now the officer, who verified the debit card, in good faith but without due diligence, fell in deep trouble. 

We often hear in our day to day life that somebody acted in good faith and was duped by fraudsters. Once a crook, impersonating himself a bank employee, asked a customer, his debit card number, and password for verification. The customer revealed the requested information in good faith. Later on, the fraudster used all the balance of customer's account for the online purchase.

  Acting in good faith and helping others is not a crime but it must be done with due diligence and without negligence. So whenever you are going to act in good faith, for God's sake, take all due cares also & be double sure that you are doing right things.