Question

The term negotiation of the negotiable instrument act

Q: Answer-The term negotiation of the negotiable instrument act 1881 refers to:

The Negotiable Instruments Act, 1881 As per S.14. Negotiation.When a promissory note, bill of exchange or cheque is transferred to any person , so as to constitute the person the holder thereof, the instrument is said to be negotiated.

1881 refers to:

A The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder there of

B The payment by a bank on a negotiable instrument after due verification of the instrument

C The bargaining between the parties to a negotiable instrument

D All of the above.

Practice Next

More Other Laws and Acts Questions

What according to the passage maybe a solution to the problem of caste prejudices which prevail in the urban areas and institutions?
How do the volunteers transform the park?
What is true about the device being made by the engineering researchers at California NanoSystems Institute?
What plant was coming up?
Which of the following is a synonym of the word ‘driven’?
At what time did the temple pillars arrive in the U.S?
What do Nationally Determined Contributions (NDCs) represent in the context of climate action, according to the passage?
What did the couple do after six months?
Why is the pristine environs near Kuppalli in Tirthahalli taluk damaged and under threat?
What should be banks be good at accessing?

The term negotiation of the negotiable instrument act

Solution