Negotiable Instruments Act - Study Mode

[#291] The endorsement of a negotiable instrument is followed by delivery
Correct Answer

(A) Yes

[#292] 'Truncated Cheque' is dealt within which section of the Negotiable Instruments Act, 1881?
Correct Answer

(B) Section 6

[#293] Presumption under Section 139 of the Negotiable Instruments Act, 1881 is in respect of-
Correct Answer

(C) That the cheque was issued for discharge of any debt

[#294] Under section 118 of the Negotiable Instruments Act, 1881, it is presumed, until the contrary is proved, that every transfer of a negotiable instrument was made
Correct Answer

(B) Before its maturity

[#295] An offence under section 138 of Negotiable Instruments Act is Compoundable
Correct Answer

(D) Cheque of any amount