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Law · Q140

Negotiable Instruments Act

Graduate and Post Graduate · Law · question 140

Q140

Whether director is liable if the cheque issued on behalf of company is dishonored?

A.
Yes, he is liable, if he was in charge of and was reasonable for the conduct of business of the company
Answer
B.
No, only company is liable
C.
No, director is not liable
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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