New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    When presentment for payment is to be made under

    Section 65 of the Act?
    A Presentment for payment can be made at any reasonable time Correct Answer Incorrect Answer
    B Presentment for payment must be made during the usual hours of business and, if at a banker within banking hours Correct Answer Incorrect Answer
    C There is no such stipulation on time for presentment Correct Answer Incorrect Answer
    D None of the above. Correct Answer Incorrect Answer

    Solution

    As per Negotiable Instruments Act, 1881- S. 65. Hours for presentment—Presentment for payment must be made during the usual hours of business, and, if at a banker's within banking hours.  

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