Vidyalelo
Commerce · Q537

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 537

Q537

Negotiable Instruments (Amendment) Bill, 2017 inserted a provision allowing a court trying an offence related to cheque bouncing, to direct the drawer (person who writes the cheque) to pay interim compensation to the complainant. The interim compensation will not exceed which of the following percentage of the cheque amount?

A.
15%
B.
25%
C.
30%
D.
20%
Answer

Answer: Option D

Solution

Answer: Option D
No explanation is given for this question Let's Discuss on Board