Negotiable Instruments Act, 1881- Test 1

The Negotiable Instruments Act, came into force on the

The Negotiable Instruments Act,1981 extends to the

The Negotiable Instruments Act,1881 define and amend the law relating to

A negotiable instrument means a promissory note bill of exchange of Cheque payable either-

Which of the following can be considered as characteristic of negotiable instruments?

Which of the following can be considered as characteristic of negotiable instruments?

Which of the following can NOT be considered as characteristic of negotiable instruments?

Which of the following can Not be considered as characteristic of negotiable instruments?

A promissory note, bill of exchange or cheque is payable to bearer when-

A promissory note, bill of exchange or cheque drawn or made in India, and made payable, or drawn upon any person, resident in India shall be deemed to be –

A promissory note, bill of exchange or cheque drawn or made in ……. and made payable, or drawn upon any person, resident in India shall be deemed to be an inland instrument.

A promissory note, bill of exchange or cheque drawn or made in India and made payable, or drawn upon any person……. shall be deemed to be an inland instrument.

An inland instrument is one which is-

Which of the following is foreign instrument-

A promissory note or a bill of exchange payable after a fixed period, or after sight, or on specified day or on the happening of an event which is certain to happen, is known as a-

Expression ”after sight” in a promissory note means that-

In the case of bill of exchange, the expression ‘after sight” means –

An instruments, which in form is such that it may either be treated by the holder as a bill or as a note, is –

….. is an instrument in writing containing an unconditional undertakings signed by the maker to pay a certain sum of money to, or to the order of, a certain sum of money to or to the order of, a certain person, or only to bearer of the instrument.

A promissory note is an instrument …….. containing an unconditional undertakings signed by the maker to pay a certain sum of money to, or to the order of, a certain sum of money to or to the order of, a certain person, or only to bearer of the instrument.

A promissory note is an instrument in writing containing …….. signed by the maker to pay a certain sum of money to, or to the order of, certain person, or only to bearer of the instrument.

A promissory note is an instrument in writing containing an unconditional undertakings signed by the ….. to pay a certain sum of money to, or to the order of, certain person, or only to bearer of the instrument.

A promissory note is an instrument in writing containing an unconditional undertakings, signed by the maker to pay …..to, or to order of a certain person, or only to bearer of the instrument.

A promissory note is an instrument in writing containing an unconditional undertaking, signed by the maker to pay a certain sum of money –

The person who makes or executes the notes promising to pay the amount stated therein is called as-