Negotiable Instruments Act - Practice Test

(A) On the date receipt of information by bank regarding the return of cheque as unpaid

(B) On the date when notice is issued by payee to the drawer

(C) On the date drawer of cheque fails to make the payment of cheque amount to payee within 15 days from the receipt of demand notice

(D) None of these

(C) On the date drawer of cheque fails to make the payment of cheque amount to payee within 15 days from the receipt of demand notice

(A) On presentation

(B) On demand

(C) On coming into vision

(D) None of the above

(B) On demand

(A) Drawer & Drawee

(B) Payee

(C) Both (A) and (B)

(D) None of the above

(C) Both (A) and (B)

(A) True

(B) False

(C) Partly true

(D) Partly false

(A) True

(A) No

(B) Yes

(C) Both A and B

(D) None of the above

(A) No

Negotiable Instruments Act - Study Mode