Q132
A draws a bill on B for 1 500 payable to the order of A. B accepts the bill, but subsequently dishonours it by non-payment. Asues B on the bill. B proves that it was accepted for value as to 1 400, and as an accommodation to the plaintiff as to the residue. Thus, as per the provisions of the Negotiable Instruments Act, 1881, A can only recover the following amount:
A.
1 900
B.
1 500
C.
1 400
AnswerD.
1 100
Answer: Option C
Solution
Answer: Option C
No explanation is given for this question Let's Discuss on Board