Negotiable Instruments Act MCQ question and answer | Law MCQ question
Negotiable Instruments Act MCQ question and answer with easy explanations in Law MCQ. Negotiable Instruments Act MCQ section is suitable for aspirants preparing for competitive exams like NET, UPSC, JRF, SET,UGC NET other law exams etc. Page-6 section-2
Each section contains 100 MCQs on
Negotiable Instruments Act .
In which of the following case the elementary law is laid down that where there is no acceptance, no cause of action can have arisen to the payee against the drawee
A minor borrowed some money on a promissory note. After attaining majority, he executed another promissory note in respect of the original loan plus the accrued interest. The creditor filed a suit to recover the money on the basis of the second promissory note. The suit is liable
A takes a loan from B with promise to pay it back within six months. It is also stipulated that on the failure to pay within six months. A will be liable to pay double the amount borrowed
Can the legal representative of a deceased person negotiate a promissory note, bill of exchange or cheque payable to order by delivery only which was indorsed by the deceased but not delivered by him?
In the absence of a contract to the contrary, the liability of the maker or drawer of a foreign negotiable instrument is regulated in all essential matters
Read Assertion (A) and Reason (R) and answer using below; Assertion : Where a bill is unintentionally cancelled by the holder on his agent and the cancellation is not apparent thereon, the bill is discharged. Reason (R): Above principle is laid down in Section 82 of the Negotiable Instruments Act.
