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Law · Q87

Negotiable Instruments Act

Graduate and Post Graduate · Law · question 87

Q87

Where a promissory note is payable by instalments, and two or more instalments have become due, and the holder of the note sues only for one of the instalments and omits to sue for the other instalments.

A.
He can afterwards sue for these instalments
B.
He cannot afterwards sue for these instalments
Answer
C.
Either (A) or (B)
D.
None of these

Answer: Option B

Solution

Answer: Option B
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