The term 'legal representative' in section 29 of the Negotiable Instruments Act, 1881
A. Does not include executors or administrator (Rama v. Praoin, AIR 1926 Mad 389)
B. Includes executors or administrator (K. Subbanna v. K. Subbarayudu, AIR 1926 Mad 390)
C. Includes executors but does not include administrators (P. Nayar v. T. Ramanna, AIR 1929 Mad 389)
D. Includes only administrators but does not include executors (P. K. Pati v. Damodar Sahu, AIR 1953 Ori 179)
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In the case of a promissory note which is not negotiable
A. Notice of dishonour is compulsory
B. No notice of dishonour is necessary
C. Negotiable Instruments Act is silent on this aspect
D. Indorsement is necessary
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The endorsement of a negotiable instrument is followed by delivery
A. Yes
B. No
C. Both (A) and (B)
D. None of the above
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'Truncated Cheque' is dealt within which section of the Negotiable Instruments Act, 1881?
A. Section 5
B. Section 6
C. Section 7
D. Section 8
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Presumption under Section 139 of the Negotiable Instruments Act, 1881 is in respect of-
A. That the cheque was signed by the accused
B. That the cheque was dishonoured by the banker
C. That the cheque was issued for discharge of any debt
D. That the cheque is valid under banking laws
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Under section 118 of the Negotiable Instruments Act, 1881, it is presumed, until the contrary is proved, that every transfer of a negotiable instrument was made
A. After its maturity
B. Before its maturity
C. At its maturity
D. None of the above
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An offence under section 138 of Negotiable Instruments Act is Compoundable
A. If the cheque amount is upto one lakh rupees
B. If the cheque amount is upto five lakhs rupees
C. If the cheque amount is upto ten lakhs rupees
D. Cheque of any amount
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Chapter XVII was inserted into the Negotiable Instruments Act, 1881 by the Amendment of the Act in the year:
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Under Section 143 of the Negotiable Instruments Act, 1881 the trial shall be made to conclude after filing of complaint within . . . . . . . . period?
A. 2 months
B. 4 months
C. 6 months
D. 8 months
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Which one of the following Sections of the Negotiable Instruments Act empowers to the Judicial Magistrate of the First Class or Metropolitan Magistrate to try the offence relating to dishonour of cheque for insufficiency etc.?
A. Section 143(1)
B. Section 143(2)
C. Section 143(3)
D. Section 143(4)
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Negotiable Instruments Act, 1881: If an amount written in an instrument is stated differently in figures and words, the amount stated in:
A. Figures shall be paid
B. Words shall be paid
C. No amount shall be paid
D. None of these
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A resides at Hyderabad, B at Calcutta and C at Delhi. A, B and C being together at Allahabad, B and C make a joint promissory note payable on demand, and deliver to A. A may sue B and C:
A. At Allahabad where the cause of action arises
B. At Calcutta, where B resides
C. At Delhi, where C resides
D. All of the above
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An offence under Section 138 Negotiable Instruments Act was tried summarily. But the court imposed on the accused a sentence of imprisonment for one year. The sentence is
A. Legal
B. Only irregular
C. Only improper
D. Irregular
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For cognizance to be taken of the offence of dishonour of cheque for insufficiency of funds in the account, which of the following are prerequisites:
A. The cheque must have been presented to the bank within the period of its validity or within six months from the date on which it was drawn, whichever is earlier
B. The complainant must prove by independent evidence that the cheque was issued for discharge of a debt or liability
C. Both of the above
D. None of the above
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A protest must contain
A. The name of the person for whom the instrument has been protested
B. The name of the person against whom the instrument has been protested
C. The instrument it self or its literal transcript
D. All of the above
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Which provision of the Act lays down that foreign bills must be protested for dishonour if so required by the law of the place where they are drawn?
A. Section 100
B. Section 102
C. Section 104
D. Section 103
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What's the maximum punishment under the Negotiable Instruments Act
A. 2 Years Only
B. 6 Years and or fine which is double amount the dishonour
C. Any punishment below 7 years
D. None of the above
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A demand notice in writing has to be given to the drawer by the payee under Section 138 of "The Negotiable Instruments Act," 1881, after receiving intimation from the Bank of Dishonour of cheque, within the period of:
A. 15 days
B. 30 days
C. 60 days
D. None of the above
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The offence of dishonour of cheques, for insufficiency, etc., of funds, in the account of the drawer, is punishable with:
A. Imprisonment for a term which may extend to one year or with fine which may extend to the amount of the cheques, or with both
B. Imprisonment for a term which may extend to two year or with fine which may extend to twice the amount of the cheques, or with both
C. Imprisonment for a term which may extend to six months or with fine which may extend five hundred rupees, or with both
D. Imprisonment for a term which may extend to five year or with fine which may extend to five thousand rupees, or with both
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A complaint against an offence under section 138 of the Negotiable Instrument Act, 1881
A. Must be in writing (section 142)
B. May be oral or in writing (section 142
C. Must be in writing containing a declaration by the drawee that he consents to such filing of the complaint (section 142)
D. None of the above
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