Negotiable Instruments Act - Study Mode
[#231] Drawer and payee in a Bill of exchange may be same parties.
Correct Answer
(A) True
[#232] Days of grace provided to the Instruments at maturity is (as per the provisions of the Negotiable Instruments Act, 1881)
Correct Answer
(C) 3 days
[#233] Which of the following is not correct with regard to presentment for acceptance?
Correct Answer
(D) The bill cannot be presented to legal presentations in case of death of drawee
[#234] A' signs instruments in the following terms, which instruments are promissory note under Section 4 of the Negotiable Instruments Act, 1881?
Correct Answer
(A) I promise to pay 'B' or order Rs. 500/- to be paid on demand
[#235] In which of the following cases the Supreme Court gave guidelines for speedy and expeditious trial of cheque bouncing cases
Correct Answer
(C) Dashrath Rupsingh Rathod v. State of Maharashtra