Under section 16 of the Negotiable Instrument Act, 'endorsement in blank' of an instrument means:
A. Where the endorser does not write anything on the instrument
B. Where the endorser only signs without writing any name on the instrument
C. Where the endorser writes the name of the person who is directed to pay
D. None of the above
Answer: Option B
Related Questions on Legal Aspects of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
A. Proposal
B. Promise
C. Contract
D. None of these
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B
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