Negotiable Instruments Act - Study Mode
[#141] Can the Magistrate order an investigation on the allegation of an offence under Section 138 of Negotiable Instruments Act?
Correct Answer
(B) No
[#142] In which of the following cases the Supreme Court held that the provisions of Section 141 of the Negotiable Instruments Act, 1881 do not contain a condition that the prosecution of a company is sine qua non for prosecution of other persons. The liability of the Directors/Officers etc. is vicarious and will flow from the liability of the company/firm.
Correct Answer
(D) Mohd. Isaq Gulsani v. Rajamouli
[#143] Under section 118 of the Negotiable Instruments Act, the onus of proving absence of consideration in the execution of a negotiable instrument is on the
Correct Answer
(B) Executant (Zohra Jan v. Rajan Bibi, 28 IC 402)
[#144] Can a drawer escape from his liability?
Correct Answer
(B) Yes, a drawer can limit or exclude his liability by inserting in the bill an express stipulation to that effect
[#145] The indorsement of a negotiable instrument followed by delivery
Correct Answer
(C) Transfers to the indorsee the property in the bill