Question
What is the liability of drawee of cheque under
Negotiable Instruments Act 1881?Solution
Section 31- Liability of drawee of cheque—The drawee of a cheque having sufficient funds of the drawer in his hands properly applicable to the payment of such cheque must pay the cheque when duly required so to do, and , in default of such payment, must compensate the drawer for any loss or damage caused by such default.
Which term best describes the penalty for early withdrawal from a fixed deposit?
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Who became the first Indian American to hold the position of President of the World Bank?
Which financial institution in India regulates and supervises the Primary Dealers (PDs) in government securities?
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