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Law · Q63

Negotiable Instruments Act

Graduate and Post Graduate · Law · question 63

Q63

Under the Limitation Act, 1963 the period of limitation for filing a suit by the payee against the drawer of a bill of exchange which has been dishonoured by non-acceptance is

A.
3 years from the date of the refusal to accept
Answer
B.
2 years from the date of the refusal to accept
C.
3 years from the date of the date of signing by the drawer
D.
3 years from the date of presentment

Answer: Option A

Solution

Answer: Option A
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