The Negotiable Instruments Act, 1882 governs the following negotiable instruments, except:a.Promissory notesb.Bills of exchangec.Chequesd.Money ordersClear my choice
Question
The Negotiable Instruments Act, 1882 governs the following negotiable instruments, except:a.Promissory notesb.Bills of exchangec.Chequesd.Money ordersClear my choice
Solution
The Negotiable Instruments Act, 1882 governs promissory notes, bills of exchange, and cheques. However, it does not govern money orders. Therefore, the correct answer is d. Money orders.
Similar Questions
The Negotiable Instruments Act, 1882 provides a certain period of time for presenting a promissory note or bill of exchange for payment. This period is known as the:a.Maturity periodb.Grace periodc.Negotiation periodd.Limitation period
The Negotiable Instruments Act, 1882 recognizes the concept of negotiation, which means:a.Transferring the ownership of the instrument to another personb.Altering the terms and conditions of the instrumentc.Cancelling the instrument and rendering it invalidd.Revoking the liability of the parties involved
It refers to negotiable instruments which promise to pay a certain amount within a particular period of time.a.None of the choicesb.Promissory Notec.Both answersis correctd.Bill of Exchange
negotiable instrument
As per Sec 130 of N.I.Act, a cheque crossed "Not Negotiable" __________.
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