Examveda

Where an indorser of an instrument excludes his liability and afterwards becomes the holder of the instrument, who are liable to him?

A. No one is liable to him

B. All intermediate indorsers are liable to him

C. Only the immediate prior indorser is liable to him

D. None of the above

Answer: Option B


This Question Belongs to Law >> Negotiable Instruments Act

Join The Discussion

Related Questions on Negotiable Instruments Act