Negotiable Instruments Act - Practice Test

(A) Promissory note

(B) Bill of Exchange

(C) Both (A) and (B)

(D) None of the above

(B) Bill of Exchange

(A) A negotiable instrument drawn in a foreign country is genuine

(B) The law of any foreign country regarding promissory notes, bills of exchange and cheques is same as that of India

(C) Both (A) and (B)

(D) None of the above

(B) The law of any foreign country regarding promissory notes, bills of exchange and cheques is same as that of India

(A) Section 5

(B) Section 10

(C) Section 12

(D) Section 13

(A) Section 5

(A) The payee forfeits the right to again present the cheque for payment

(B) The payee can present the cheque for payment

(C) The payee can present the cheque with the permission of the court

(D) None of the above

(A) The payee forfeits the right to again present the cheque for payment

(A) No [V. Raju v. P. Subbarama Naidu, AIR 1931 Mad 301]

(B) Yes [M. V. Muthuramlingam v. D. Narayanswamy, (1995) 3 Comp Cas 77 Mad]

(C) Yes [A. B. Steels v. Krishna Finance, (1996) 86 Comp Cas 295 (Mad)]

(D) None of the above

(B) Yes [M. V. Muthuramlingam v. D. Narayanswamy, (1995) 3 Comp Cas 77 Mad]

Negotiable Instruments Act - Study Mode