Negotiable Instrument

Question 1

Negotiable instrument 1881

Answer 1

Section 13

Question 2

Negotiable instrument came into force on?

Answer 2

1st March 1881

Question 3

Promissory note

Answer 3

Section 4

Question 4

Cheque

Answer 4

Section 6

Question 5

Bearer and order instrument

Answer 5

Section 13

Question 6

Inland and foreign instrument

Answer 6

Section 11& 12

Question 7

Liability of maker/drawer of foreign bill

Answer 7

Section 134

Question 8

Negotiation of negotiable instrument

Answer 8

Section 14

Question 9

Negotiation by delivery

Answer 9

Section 47

Question 10

Importance of delivery by negotiation

Answer 10

Section 46

Question 11

Negotiation by endorsement

Answer 11

Section 48

Question 12

Negotiation by endorsement

Answer 12

Section 48

Question 13

Dishonour of cheque due to insufficiency

Answer 13

Section 138

Question 14

Presumption in favour of holder

Answer 14

Section 139

Question 15

Defence in presumption

Answer 15

Section 140

Question 16

Presentment of acceptance

Answer 16

Section 61

Question 17

Presentment of Promissory note for sight

Answer 17

Section 62

Question 18

Drawee’s time for deliberation

Answer 18

Section 63

Question 19

Presentment for payment

Answer 19

Section 64

Question 20

Hours for presentment

Answer 20

Section 65

Question 21

Presentment for payment of instrument payable after date or sight.

Answer 21

Section 66

Question 22

Presentment for payment of promissory note payable by instalments

Answer 22

Section 67

Question 23

Presentment for payment of instrument payable at specified place and not elsewhere

Answer 23

Section 68

Question 24

Instrument payable at specified place

Answer 24

Section 69

Question 25

Presentment where no exclusive place specified

Answer 25

Section 70

Question 26

Presentment when maker, etc., has no known place of business or residence

Answer 26

Section 71

Question 27

Presentment of cheque to charge drawer

Answer 27

Section 72

Question 28

Presentment by or to agent, representative of deceased, or assignee of insolvent

Answer 28

Section 75

Question 29

Presentment of cheque to charge any other person

Answer 29

Section 73

Question 30

Presentment of instrument payable on demand

Answer 30

Section 74

Question 31

Excuse for delay in presentment for acceptance or payment

Answer 31

(Section 75A)

Question 32

When presentment unnecessary

Answer 32

Section 76

Question 33

Liability of banker for negligently dealing with bill presented for payment

Answer 33

Section 77

Question 34

Rules as to compensation

Answer 34

Section117