Q149
In case presentation of instrument for acceptance or payment is delayed, . . . . . . .
A.
The responsibility of all the parties thereto end
B.
It becomes ineligible for payment
C.
The delay can be excused if it is caused by circumstances outside the control of the holder and not because of his negligence, default or misconduct
AnswerD.
The delay can be excused if it is caused by circumstances outside the control of the holder, or due to his negligence, but not if caused due to default or misconduct
Answer: Option C
Solution
Answer: Option C
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