Given below are two statements, one labeled as Assertion (A) and the other labeled as Reason (R). Read the statements and choose the correct answer using the given below.
Assertion (A): A 'negotiable instrument' means a promissory note, bill of exchange or cheque payable either to order or to bearer.
Reason (R): Because it is said so under Section 13 of the Negotiable Instruments Act, 1881.
A. Both (A) and (R) are correct and (R) is the correct explanation of (A)
B. (A) is false, but (R) is true
C. Both (A) and (R) are false
D. (A) is true, but (R) is false
Answer: Option A
This Question Belongs to Law >> Negotiable Instruments Act
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