Examveda

A bill is drawn payable to 'A' or order. 'A' indorses it to 'B', the indorsement not containing the words "or order" or any equivalent words. Can 'B' negotiate the instrument?

A. Yes

B. No

C. Not always

D. None of the above

Answer: Option A


This Question Belongs to Law >> Negotiable Instruments Act

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