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.

A) Both (A) and (R) are true and (R) is the correct explanation of (A) B) Both (A) and (R) are true and (R) is not the correct explanation of (A) C) (A) is right but (R) is wrong D) (A) is wrong but (R) is right

Answer & Solution

Correct Answer: Option A

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Read Assertion (A) and Reason (R) and answer using below Assertion...

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.

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Related Questions on Negotiable Instruments Act

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.