Negotiable Instruments Act - Study Mode

[#181] Which written instrument signed by the maker is promissory note?
Correct Answer

(D) Mr. 'B' I will pay you one thousand rupees on demand

[#182] What are the defences available against proceedings under section 138 of Negotiable Instruments Act?
Correct Answer

(D) All of the above

[#183] For the purposes of Section 141 Negotiable Instruments Act a company does not mean or include
Correct Answer

(C) A proprietary concern

[#184] Section 16 of Negotiable Instruments Act defines
Correct Answer

(C) Indorsement "in full" and Indorsement "in blank"

[#185] What is the term used to describe an endorsement in which the endorser excludes his own liability on the negotiable instrument in case of dishonour of the instrument?
Correct Answer

(B) Sans recourse endorsement