Negotiable Instruments Act MCQ question and answer | Law MCQ question

Which of the following statements is false?

Who, of the followings, are not liable for prosecution under Section 141 of the Negotiable Instruments Act, 1881?

What is the term used to describe an instrument, which is not discharged even by non-presentation of the instrument to the acceptor for payment?

'Indorser' is defined in which section of the Negotiable Instruments Act, 1881?

Who as the drawer of a cheque can be prosecuted for non-payment of the cheque due to insufficient funds under section 138 of the Negotiable Instruments Act, 1881:

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.

Under Negotiable Instruments Act, 1881, an instrument in writing containing an unconditional under taking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument is a . . . . . . . .

Cheque is a

What is the presumption under section 137 of the Negotiable Instruments Act, 1881?

Under Negotiable Instruments Act, "Bill of Exchange" is defined under