Negotiable Instruments Act, 1881- Test 2

If due date of bill falls on sudden public holiday, the due date will be –

If due date of bill falls on ….. the due date will be preceding business day.

If due date of bill falls on ….. the due date will be next business day.

On 1.1.2019, X draws a bill on Y for Rs 20,000 for 3 months maturity date of the bill will be:………..

On 16.6.2019 X draws a bill on Y for Rs 25,000 for 30 days. 19th July is a public holiday, maturity date of the bill will be :…….

X draws a bill on Y for Rs 30,000 on 1.1.2019. X accepts the same on 4.1.2019 for period of 3 months after date. What will be the maturity sate of the bill:………

X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will be –

X draws a bill on Y for Rs 2,50,000 on 1.1.2018 for 3 months after sight, date of acceptance is 6.1.2018. Maturity date of the bill will be :……..

Which of the following person do not incur any liability as parties to negotiable instruments?

A negotiable instruments may be transferred by –

In case of assignment, there is a transfer of ownership by means of a …. document.

The person to whom the instruments is endorsed is called the –

An endorser may limit his liability in any of the following ways-

When a person who has been a party to the negotiable instrument takes it again then an instrument is said to have been-

Forgery conveys no title.

On 15.8.2018 X draws a bill on Y for 3 months for Rs 20,000. 18th NOv. was a sudden holiday, maturity date of the bill will be:

On 1.8.2020, X draws a bill on Y”for 30 days after sight”. The date of acceptance is 8.8.2020. The maturity date of the bill will be:……….

Noting is necessary in case of … of bill.

The ….. is the formal notarial certificate attesting dishonour of the bill, and based upon the noting which has been effected on the dishonour of the foreign bill.

A material alternation renders the instruments –

Alternation of date, sum payable, time of payment, place of payment, name of parties or rate of interest will be treated as material alternation

….. are negotiable instruments written in an oriental language.

Which of the following is not covered under the Negotiable Instruments Act,1881?

Hundis are governed by the ….. in the locality.

The hundis were in circulation in India even before the present Negotiable Instrument Act, 1881 came into operation.