Negotiable Instruments Act MCQ question and answer | Law MCQ question

A. The payee forfeits the right to again present the cheque for payment

B. The payee can present the cheque for payment

C. The payee can present the cheque with the permission of the court

D. None of the above

A. No [V. Raju v. P. Subbarama Naidu, AIR 1931 Mad 301]

B. Yes [M. V. Muthuramlingam v. D. Narayanswamy, (1995) 3 Comp Cas 77 Mad]

C. Yes [A. B. Steels v. Krishna Finance, (1996) 86 Comp Cas 295 (Mad)]

D. None of the above

A. On the 30^th day after the day on which it is expressed to be payable

B. On the 3^rd day after the day on which it is expressed to be payable

C. On the 5^th day after the day on which it is expressed to be payable

D. On the 4^th day after the day on which it is expressed to be payable

A. A person who holds negotiable instrument in the name of his spouse

B. A person who holds negotiable instrument in his name

C. A person who becomes possessor of negotiable instrument without consideration

D. A person who becomes possessor of negotiable instrument payable to bearer for consideration

A. Public holidays are excluded

B. Public holidays are included

C. Only the holidays observed by banks are excluded

D. None of the above

A. Section 07

B. Section 10

C. Section 09

D. Section 13

A. The whole of India including State of Jammu and Kashmir

B. The whole of India except the State of Jammu and Kashmir

C. Those states as notified by the Union Government from time to time in the Official Gazette

D. The whole of India except the State of Jammu and Kashmir and the North-Eastern States

A. Cheque

B. Pronote

C. Hundies

D. None of these

A. Presumption that holder of a cheque received the cheque for discharge of any debt or other liability

B. Presumption as to time of acceptance

C. Presumption as to date

D. Presumption as to order of endorsement

A. 466-a

B. 446

C. 448

D. 450