Negotiable Instruments Act - Study Mode

[#111] Which one of the following proviso clauses of Section 138, Negotiable Instruments Act requires notice of fifteen days in case of failure of payment of cheque?
Correct Answer

(C) Clause (c)

[#112] Relation of Section 138 of the Negotiable Instruments Act, 1881 is with
Correct Answer

(C) Punishment for dishonour of cheque

[#113] Every instrument is presumed to made, drawn, endorsed or negotiated for . . . . . . .
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(B) Consideration

[#114] Which of the following is not a negotiable instrument:
Correct Answer

(B) Fixed Deposit Receipt

[#115] Which of the following negotiable instruments requires acceptance by the drawee before payment can be demanded?
Correct Answer

(B) Bill of exchange