A draws a bill on B for ¹ 500 payable to the order of A. B accepts the bill, but subsequently dishonours it by non-payment. Asues B on the bill. B proves that it was accepted for value as to ¹ 400, and as an accommodation to the plaintiff as to the residue. Thus, as per the provisions of the Negotiable Instruments Act, 1881, A can only recover the following amount:

The term 'legal representative' in section 29 of the Negotiable Instruments Act, 1881

A. Does not include executors or administrator (Rama v. Praoin, AIR 1926 Mad 389)

B. Includes executors or administrator (K. Subbanna v. K. Subbarayudu, AIR 1926 Mad 390)

C. Includes executors but does not include administrators (P. Nayar v. T. Ramanna, AIR 1929 Mad 389)

D. Includes only administrators but does not include executors (P. K. Pati v. Damodar Sahu, AIR 1953 Ori 179)

In the case of a promissory note which is not negotiable

A. Notice of dishonour is compulsory

B. No notice of dishonour is necessary

C. Negotiable Instruments Act is silent on this aspect

D. Indorsement is necessary

The endorsement of a negotiable instrument is followed by delivery

A. Yes

B. No

C. Both (A) and (B)

D. None of the above

'Truncated Cheque' is dealt within which section of the Negotiable Instruments Act, 1881?

A. Section 5

B. Section 6

C. Section 7

D. Section 8