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71
That there must be specific allegation regarding the role played by each of the directors, then only they are liable for prosecution under section 138 of the Negotiable Instruments Act. In which of the following cases this statement was made:
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Answer & Solution
Answer: Option C
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72
A note under section 99 of the Negotiable Instruments Act should contain among other things
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Answer & Solution
Answer: Option B
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73
Under Negotiable Instruments Act, how many days after service of notice of demand on drawer, the Cause of Action arises against drawer, if he fails to make payment?
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Answer: Option C
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74
To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor
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Answer: Option A
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75
If in an instrument the amount undertaken or ordered to be paid is stated differently in figures and in words
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Answer & Solution
Answer: Option C
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76
In which section of Negotiable Instruments Act, "Public holiday" is explained?
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Answer & Solution
Answer: Option D
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77
Under section 143 of the Negotiable Instruments Act, an endeavour shall be made to conclude the trial within . . . . . . . . months from the date of filing of the complaint.
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Answer & Solution
Answer: Option C
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78
According to Section 13 of the Negotiable Instruments Act, 1881, which is not a "Negotiable Instrument"?
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Answer: Option A
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79
A person (payee) signs a blank cheque and gives the same to another person (holder) and the holder fills up the blank space pertaining to amount and date and presents the same in his bank account and it is dishonoured. In such a situation, which of the following statement would be correct?
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Answer & Solution
Answer: Option D
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80
What is the presumption to be drawn under Section 139 of the Negotiable Instruments Act?
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Answer & Solution
Answer: Option A
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