Question

Ambiguous instruments are those instruments which may

Q: Answer-Ambiguous instruments are those instruments which may be construed

Section 17 of NI Act Ambiguous instrumentsWhere an instrument may be construed either as a promissory note or bill of exchange, the holder may at his election treat it as either, and the instrument shall be thenceforward treated accordingly.

be construed

A Either as promissory note or as cheque

B Either as promissory note or as bill of exchange

C Either as bill of exchange or as cheque

D Either as negotiable instrument or as stamped instruments

E Either as cheque or as draft

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Ambiguous instruments are those instruments which may

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