Negotiable Instruments Act - Study Mode
[#171] How much punishment is provided under Section 138 of Negotiable Instruments Act, 1881?
Correct Answer
(A) Imprisonment for term which may extend to two years or with fine which may extend to twice the amount of the cheque or with both
[#172] In which of the following case the Supreme Court held that the persons who are sought to be made vicariously liable for a criminal offence under section 141 should be at the time the offfence was committed, was in charge of, and was responsible to the company for the conduct of the business of the company. Every person connected w ith the company shall not fall within the ambit of the provision?
Correct Answer
(A) National Small Industries Corporation Ltd. v. Harmeet Singh Paintal, (2010) 3 SCC 330
[#173] Crossing of cheque affects the
Correct Answer
(B) Mode of payment on the cheque
[#174] Under Section 118 of Negotiable Instruments Act, 1881, what presumption shall not be made?
Correct Answer
(A) The holder of a cheque received the cheque for the discharge of any debt or other liability
[#175] In a promissory note, the amount of money payable
Correct Answer
(A) Must be certain