The dishonour of Cheque is punishable for a maximum term up to . . . . . . . years.
A. 1 year
B. 5 years
C. 2 years
D. 4 years
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A cheque drawn on a bank in USA and made payable at USA was presented in Chennai. Can the complaint be filed in Chennai?
A. Yes
B. No
C. Depends
D. None of the above
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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. The statement is-
A. False
B. True
C. Both (A) and (B)
D. None
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Read Assertion (A) and Reason (R) and give the correct answer with the help of given below:
Assertion (A): The surety has no right to restrain execution against him until the creditor exhausted all his remedies against the Principal Debtor.
Reason (R): The Liability of the surety is co-extensive with that of the Principal Debtor, unless it is otherwise provided by contract.
A. (A) and (R) are true and (R) is the correct explanation of (A)
B. (A) and (R) are true but (R) is not the correct explanation of (A)
C. (A) is false, but (R) is true
D. (A) is true but (R) is false
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By the notice for dishonour of cheque the Drawer is to be granted . . . . . . . time for payment.
A. 10 days
B. 30 days
C. 7 days
D. 15 days
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Match
List I with
List II and give the correct answer by using the given below:
List-I (Provisions)
List-II (Sections of Negotiable Act)
a. Cognizance of offences
1. Section 140
b. Power of Court to try cases summarily
2. Section 139
c. Defences which may not be allowed in any prosecution under Section 138
3. Section 143
d. Presumption in favour of holder
4. Section 142
A. a-4, b-3, c-1, d-2
B. a-1, b-2, c-3, d-4
C. a-3, b-4, c-2, d-1
D. a-2, b-1, c-4, d-3
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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
C. Either (A) or (B)
D. None of these
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The Negotiable Instruments Act makes specific mention of three instruments, namely Cheque, Bill of exchange and
A. Promissory note
B. Hundi
C. Bank Draft
D. All the above
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What procedure of trial is provided to the Court against the matter related with penalties if comes under any Section of the Chapter XVII of the Negotiable Instruments Act, 1881?
A. Session Trial
B. Summary Trial
C. Warrant Trial
D. Summons Trial
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As per Section 147 of the Negotiable Instruments Act, 1881, every offence punishable under the Act is
A. Compoundable
B. Non-compoundable
C. Cognizable
D. Both (B) and (C) above
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Negotiable Instruments Act:- "I promise to pay B Rs. 500, and all other sums which shall be due to him." This is a -
A. Promissory note
B. Bill of exchange
C. An ambiguous instrument under section 17
D. None of these
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Drawee in case of need' has been defined under the Negotiable Instruments Act, 1881 in
A. Section 6
B. Section 9
C. Section 7
D. Section 8
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Which written instrument signed by the maker is promissory note?
A. Mr. 'B' I owe you one thousand rupees
B. Mr. 'B' I will pay you ten thousand rupees after my marriage
C. Mr. 'B' I will pay you money on demand
D. Mr. 'B' I will pay you one thousand rupees on demand
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What are the defences available against proceedings under section 138 of Negotiable Instruments Act?
A. Absence of a legally enforceable debt or liability
B. Absence of legal notice of 15 days
C. Lack of jurisdiction
D. All of the above
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For the purposes of Section 141 Negotiable Instruments Act a company does not mean or include
A. A body corporate
B. A firm
C. A proprietary concern
D. An association of individuals
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Section 16 of Negotiable Instruments Act defines
A. Restrictive endorsement
B. Conditional endorsement
C. Indorsement "in full" and Indorsement "in blank"
D. All the above
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What is the term used to describe an endorsement in which the endorser excludes his own liability on the negotiable instrument in case of dishonour of the instrument?
A. Partial endorsement
B. Sans recourse endorsement
C. Restrictive endorsement
D. Conditional endorsement
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In which court, the complainant has to file an appeal against the order of acquittal under Section 138 of the Act?
A. Court of session
B. High Court
C. Chief Judicial Magistrate
D. Either Court of Session or High Court
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As per the provisions of section 26 of the Negotiable Instruments Act:
A. A minor may draw instrument so as to bind all parties including himself
B. A minor shall not draw instrument so as to bind any party
C. A minor may draw instrument so as to bind all parties except himself
D. A minor shall not indorse instruments
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BATNA Stands for:
A. Bilateral agreement to negotiation and arbitration
B. Best alternative to a negotiated agreement
C. Bilateral Trade negotiated agreement
D. None of the above
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