The notice of dishonour of cheque is to be given with in . . . . . . . of its knowledge to receiver.
A. 10 days
B. 30 days
C. Both (A) and (B)
D. 15 days
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In one of the recent judgements Supreme Court has held that section of the Amendment Act, shall have a retrospective effect (Applicable to complaints which were filed prior to 1st September 2018, in respect to the appeals against the order of conviction and sentence for the offence under section 138 of the Act.
A. Section 148
B. Section 138
C. Section 141
D. Section 147
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Where an indorser of an instrument excludes his liability and afterwards becomes the holder of the instrument, who are liable to him?
A. No one is liable to him
B. All intermediate indorsers are liable to him
C. Only the immediate prior indorser is liable to him
D. None of the above
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The presumption regarding dishonour of a cheque on production of a bank slip is
A. Rebuttable
B. Irrebuttable
C. Conclusive proof
D. None of the above
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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.
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Cheque is always payable on demand.
A. True
B. False
C. Partly true
D. Partly false
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If the indorser signs his name and adds a direction to pay the amount mentioned in the instrument to a specified person, the indorsement is said to be:
A. Indorsement in blank
B. Indorsement in full
C. Indorsement in part
D. Indorsement in specific
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If a minor draws, indorses, delivers or negotiates an instrument, such instrument binds
A. All parties to the instrument including the minor
B. Only the minor and not other parties to the instrument
C. All parties to the instrument except the minor
D. None of the above
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The cognizance of offence under Section 138 of Negotiable Instruments Act can be taken by the J.M.F.C. having territorial jurisdiction at the
A. Place of the issuance of the cheque
B. Place of the delivery of the statutory notice
C. Place when the complainant chooses to present the cheque for encashment by his Bank
D. Place where the cheque is dishonoured by the bank on which it is drawn
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For the purpose of attracting the provisions of Section 138 of the Negotiable Instruments Act, a cheque has to be presented to the bank within a period of
A. Six months
B. 15 days from the date on which it is drawn
C. Three months from the date on which it is drawn or within the period of its validity whichever is earlier
D. None of the above
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Which of the following are presumptions as to a negotiable instrument under section 118 of the Negotiable Instruments Act? Answer using given below:
(1) Presumption of contractual capacity
(2) Presumption of consideration
(3) Presumption of maturity of instrument
(4) Presumption of date
A. Only (1) and (3)
B. Only (2) and (4)
C. Only (1) and (4)
D. Only (1) and (2)
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Section 100 of Negotiable Instruments Act deals with:
A. Protest
B. Noting
C. Notice
D. Charge
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Which one of the following proviso clauses of Section 138, Negotiable Instruments Act requires notice of fifteen days in case of failure of payment of cheque?
A. Clause (a)
B. Clause (b)
C. Clause (c)
D. Clause (d)
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Relation of Section 138 of the Negotiable Instruments Act, 1881 is with
A. Right of holder
B. Right of holder in due course
C. Punishment for dishonour of cheque
D. None of the above
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Every instrument is presumed to made, drawn, endorsed or negotiated for . . . . . . .
A. Choice
B. Consideration
C. Debt
D. None of them
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Which of the following is not a negotiable instrument:
A. Promissory note
B. Fixed Deposit Receipt
C. Bill of Exchange
D. A cheque
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Which of the following negotiable instruments requires acceptance by the drawee before payment can be demanded?
A. Promissory note
B. Bill of exchange
C. Cheque
D. Both (B) and (C)
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Under which Act public holidays are declared:
A. Negotiable Instruments Act, 1881
B. Contract Act, 1872
C. Public Employees Act, 1967
D. Specific Relief Act
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Power of the Court to try cases summarily given under Section:
A. 143 of the Negotiable Instruments Act
B. 142 of the Negotiable Instruments Act
C. 138 of the Negotiable Instruments Act
D. 139 of the Negotiable InstrumentsAct
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"The term 'protest' used under the Negotiable Instruments Act, 1881 in Section 100 includes noting also."
The statement is
A. False
B. Half true and half false
C. True
D. None of the above
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