Q158
Can the legal representative of a deceased person negotiate a promissory note, bill of exchange or cheque payable to order by delivery only which was indorsed by the deceased but not delivered by him?
A.
Yes, the legal representative can negotiate the instrument by delivery only
B.
No, the legal representative can not negotiable an instrument by delivery only. He must re-indorse and deliver the instrument for negotiating it
AnswerC.
An instrument indorsed by a deceased person has no legal validity and is void
D.
None of the above
Answer: Option B
Solution
Answer: Option B
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