Negotiable Instruments Act - Study Mode

[#176] The date of maturity of a bill payable hundred days after sight and which is presented for sight on 4 th May, 2017, is (as per the provisions of the Negotiable Instruments Act, 1881):
Correct Answer

(B) 14 th August, 2017

[#177] Which of the following is not a Bill of Exchange?
Correct Answer

(A) Share

[#178] Which of the following presumption is prescribed under section 118 Negotiable Instruments Act?
Correct Answer

(D) All of these

[#179] Negotiable Instruments Act:- "I promise to pay B Rs. 500, and all other sums which shall be due to him." This is a -
Correct Answer

(D) None of these

[#180] Drawee in case of need' has been defined under the Negotiable Instruments Act, 1881 in
Correct Answer

(C) Section 7