Negotiable Instruments Act - Study Mode

[#246] A person (payee) signs a blank cheque and gives the same to another person (holder) and the holder fills up the blank space pertaining to amount and date and presents the same in his bank account and it is dishonoured. In such a situation, which of the following statement would be correct?
Correct Answer

(D) The holder will be entitled to maintain a complaint filed upon the cheque being dishonoured upon being presented in the bank

[#247] What is the presumption to be drawn under Section 139 of the Negotiable Instruments Act?
Correct Answer

(A) That the holder of the cheque received the cheque for the discharge, in whole or in part, of any debt or other liability

[#248] Offences under the Negotiable Instruments Act are triable by
Correct Answer

(B) Judicial Magistrate First Class

[#249] Cognizance of an offence under section 138 can be taken by a court only on a/an
Correct Answer

(B) Complaint (section 142)

[#250] Proceedings under section 138 Negotiable Instruments Act 1881 which defence shall not be allowed?
Correct Answer

(C) Drawer had no reason to believe when he issued the cheque it may be dishonoured