Examveda
Examveda

Under Section 23 of Negotiable Instruments Act, a promissory note or bill of exchange, dated 31st August, 2018 is made payable three months after date. The instrument is at maturity of the . . . . . . . . ?

A. 30th November, 2018

B. 31st November, 2018

C. 1st December, 2018

D. 3rd December, 2018

Answer: Option D


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Related Questions on Negotiable Instruments Act

The term 'legal representative' in section 29 of the Negotiable Instruments Act, 1881

A. Does not include executors or administrator (Rama v. Praoin, AIR 1926 Mad 389)

B. Includes executors or administrator (K. Subbanna v. K. Subbarayudu, AIR 1926 Mad 390)

C. Includes executors but does not include administrators (P. Nayar v. T. Ramanna, AIR 1929 Mad 389)

D. Includes only administrators but does not include executors (P. K. Pati v. Damodar Sahu, AIR 1953 Ori 179)