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Law · Q225

Negotiable Instruments Act

Graduate and Post Graduate · Law · question 225

Q225

The Negotiable Instruments Act provides for payment of interim compensation by the drawer of the cheque to the complainant. Such interim compensation should not exceed . . . . . . . . of the amount of the cheque.

A.
10%
B.
20%
Answer
C.
25%
D.
15%

Answer: Option B

Solution

Answer: Option B
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