Negotiable Instruments Act - Study Mode

[#241] To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor
Correct Answer

(A) Holder of the instrument

[#242] If in an instrument the amount undertaken or ordered to be paid is stated differently in figures and in words
Correct Answer

(C) The amount stated in words shall be the amount undertaken or ordered to be paid

[#243] In which section of Negotiable Instruments Act, "Public holiday" is explained?
Correct Answer

(D) Section 25

[#244] Under section 143 of the Negotiable Instruments Act, an endeavour shall be made to conclude the trial within . . . . . . . . months from the date of filing of the complaint.
Correct Answer

(C) 6

[#245] According to Section 13 of the Negotiable Instruments Act, 1881, which is not a "Negotiable Instrument"?
Correct Answer

(A) Instrument of Debt