Q104
Section 138 of the Negotiable Instruments Act provides penal provisions in case of dishonour of cheque, if it is presented to the Bank within a period of three months:
A.
From the date on which it is drawn only
B.
From the date on which payee makes demand
C.
From the date on which demand of payee accepted
D.
From the date on which it is drawn or within the period of its validity whichever is earlier
AnswerAnswer: Option D
Solution
Answer: Option D
No explanation is given for this question Let's Discuss on Board