Negotiable Instruments Act MCQ question and answer | Law MCQ question

The dishonour of Cheque is punishable for a maximum term up to . . . . . . . years.

A cheque drawn on a bank in USA and made payable at USA was presented in Chennai. Can the complaint be filed in Chennai?

A post-dated cheque remains only a bill of exchange till the date on its face and only from that date it becomes a cheque being payable on demand. The statement is-

Read Assertion (A) and Reason (R) and give the correct answer with the help of given below:
Assertion (A): The surety has no right to restrain execution against him until the creditor exhausted all his remedies against the Principal Debtor.
Reason (R): The Liability of the surety is co-extensive with that of the Principal Debtor, unless it is otherwise provided by contract.

By the notice for dishonour of cheque the Drawer is to be granted . . . . . . . time for payment.

Match List I with List II and give the correct answer by using the given below:

List-I (Provisions)	List-II (Sections of Negotiable Act)
a. Cognizance of offences	1. Section 140
b. Power of Court to try cases summarily	2. Section 139
c. Defences which may not be allowed in any prosecution under Section 138	3. Section 143
d. Presumption in favour of holder	4. Section 142

Where a promissory note is payable by instalments, and two or more instalments have become due, and the holder of the note sues only for one of the instalments and omits to sue for the other instalments.

The Negotiable Instruments Act makes specific mention of three instruments, namely Cheque, Bill of exchange and

What procedure of trial is provided to the Court against the matter related with penalties if comes under any Section of the Chapter XVII of the Negotiable Instruments Act, 1881?

As per Section 147 of the Negotiable Instruments Act, 1881, every offence punishable under the Act is