Negotiable Instruments Act MCQ question and answer | Law MCQ question

Which of the following is a correct statement of law as per Sections 138 and 142 of the Negotiable Instruments Act, 1881?

In which of the following judgments has the Supreme Court held that only those courts within whose territorial limits the drawee bank is situated, would have jurisdiction to try the cases for offence under Section 138 of the Negotiable Instruments Act, 1881?

Can the Magistrate order an investigation on the allegation of an offence under Section 138 of Negotiable Instruments Act?

In which of the following cases the Supreme Court held that the provisions of Section 141 of the Negotiable Instruments Act, 1881 do not contain a condition that the prosecution of a company is sine qua non for prosecution of other persons. The liability of the Directors/Officers etc. is vicarious and will flow from the liability of the company/firm.

Under section 118 of the Negotiable Instruments Act, the onus of proving absence of consideration in the execution of a negotiable instrument is on the

Can a drawer escape from his liability?

The indorsement of a negotiable instrument followed by delivery

Who is entitled to make a complaint for taking cognizance of the offence under Section 138 of the Negotiable Instruments Act, 1881?

Which of the Section of Negotiable Instruments Act, 1881 provides that "where a person is nominated as a Director of a company by virtue of his holding any office or employment in the Central Government or the State Government, as the case may be, he shall not be held liable for an-offence under Section 138 of the Act, committed by a company?"

A' signs an instrument in writing as under 'On demand, I promise, I promise to pay 'B' the sum of Rs. 10,000'. What is this called?