Negotiable Instruments Act - Study Mode
[#251] Under Section 23 of Negotiable Instruments Act, a promissory note or bill of exchange, dated 31 st August, 2018 is made payable three months after date. The instrument is at maturity of the . . . . . . . . ?
Correct Answer
(D) 3 rd December, 2018
[#252] Under section 11 of the Negotiable Instruments Act, a promissory note, bill of exchange or cheque drawn or made in India, and made payable in, or drawn upon any person resident in India is . . . . . . . .
Correct Answer
(A) Inland instrument
[#253] If the words "not negotiable" are used with special crossing in a cheque, the cheque is
Correct Answer
(B) Transferable
[#254] A Magistrate issuing a summons to an accused or a witness can send it
Correct Answer
(D) Both (A) and (C)
[#255] The Negotiable Instruments Act, 1881 became operative from the date of
Correct Answer
(A) 9 th December, 1881