Examveda

A draws a cheque in favour of M, a minor. M endorses the same in favour of X. The cheque is dishonoured by the bank on grounds of inadequate funds. As per the provisions of Negotiable Instruments Act, 1881:

A. M is liable to X

B. X can proceed against A

C. No one is liable in this case

D. M can proceed against A

Answer: Option B


This Question Belongs to Law >> Negotiable Instruments Act

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