Negotiable Instruments Act - Study Mode
[#166] If in a cheque amount ordered to paid is written differently in figure and in words
Correct Answer
(B) The amount written in words shall be undertaken or ordered to be paid
[#167] When a cheque has become invalid because of the expiry of the stipulated period, can it be re-validated by the drawer by alteration of dates?
Correct Answer
(A) Yes, the drawer can re-validate the cheque by alteration of dates
[#168] The Negotiation of instrument to any person receiving it by paying consideration, before maturity and in good faith is termed as . . . . . . .
Correct Answer
(B) Holder In due course
[#169] The liability under section 138 of the Negotiable Instruments Act, 1881 is
Correct Answer
(A) Strict liability
[#170] A person who receives a negotiable instrument in good faith for valuable consideration is known as
Correct Answer
(D) Holder in due course