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Law · Q253

Negotiable Instruments Act

Graduate and Post Graduate · Law · question 253

Q253

Negotiable Instruments Act:- When the cause of action accrue, if the cheque issued by blte drawer is dishonour?

A.
On the date receipt of information by bank regarding the return of cheque as unpaid
B.
On the date when notice is issued by payee to the drawer
C.
On the date drawer of cheque fails to make the payment of cheque amount to payee within 15 days from the receipt of demand notice
Answer
D.
None of these

Answer: Option C

Solution

Answer: Option C
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