Vidyalelo
Law · all questions

Negotiable Instruments Act
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

301

Questions

14/16

Page

Pick an option on a question to see the right answer and solution.

Which of the following statements is false?

Select an option to see the answer and solution.

Who, of the followings, are not liable for prosecution under Section 141 of the Negotiable Instruments Act, 1881?

Select an option to see the answer and solution.

What is the term used to describe an instrument, which is not discharged even by non-presentation of the instrument to the acceptor for payment?

Select an option to see the answer and solution.

'Indorser' is defined in which section of the Negotiable Instruments Act, 1881?

Select an option to see the answer and solution.

Who as the drawer of a cheque can be prosecuted for non-payment of the cheque due to insufficient funds under section 138 of the Negotiable Instruments Act, 1881:

Select an option to see the answer and solution.

Given below are two statements, one labeled as Assertion (A) and the other labeled as Reason (R). Read the statements and choose the correct answer using the given below.
Assertion (A): A 'negotiable instrument' means a promissory note, bill of exchange or cheque payable either to order or to bearer.
Reason (R): Because it is said so under Section 13 of the Negotiable Instruments Act, 1881.

Select an option to see the answer and solution.

Under Negotiable Instruments Act, 1881, an instrument in writing containing an unconditional under taking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument is a . . . . . . . .

Select an option to see the answer and solution.

Cheque is a

Select an option to see the answer and solution.

What is the presumption under section 137 of the Negotiable Instruments Act, 1881?

Select an option to see the answer and solution.

Under Negotiable Instruments Act, "Bill of Exchange" is defined under

Select an option to see the answer and solution.

A post-dated cheque remains only a bill of exchange till the date on its face and only from that date it becomes a cheque being payable on demand. This observation was made by the court in case of

Select an option to see the answer and solution.

Which of the following High Court's held that the blank cheque is not a cheque in the eye of law

Select an option to see the answer and solution.

A draws a cheque in favour of B, a minor. B endorses it in favour of C and C endorses in favour of D. The cheque is dishonoured. Which of the following is not correct about liabilities of the parties?

Select an option to see the answer and solution.

Maximum sentence of fine which a J.M.F.C. can impose for offence under section 138 of the Negotiable Instruments Act:-

Select an option to see the answer and solution.

Negotiation by endorsement' has been explained under the Negotiable Instruments Act, 1881 in

Select an option to see the answer and solution.

A bill is drawn payable to 'A' or order. 'A' indorses it to 'B', the indorsement not containing the words "or order" or any equivalent words. Can 'B' negotiate the instrument?

Select an option to see the answer and solution.

The presumption as to the date of a negotiable instrument under section 118 is that, every negotiable instrument bearing a date was made or drawn

Select an option to see the answer and solution.

Which one of the following is not meant by the term 'Company' for the purpose of the Section 141 of the Negotiable Instruments Act, 1881?

Select an option to see the answer and solution.

Can the holder of a negotiable instrument indorsed in blank convert the indorsement into an indorsement in full?

Select an option to see the answer and solution.

A bill of exchange contains a/an

Select an option to see the answer and solution.