The Negotiable Instruments Act, 1881 – Test 4

Statement (1): It is presumption of law that every holder of a negotiable instrument is a holder in due course
Statement (2): It may be proved before the court that a holder of negotiable instrument is not a holder in due
course.

____________ can be crossed

Statement (1): Where the cheque contains the name of a banker, but does not contain two parallel transverse
lines, it is a __________ valid special crossing.
Statement (2): A specially crossed cheque shall be paid to the banker to whom it is crossed

____________ shall verify the due diligence and ordinary care of prima facie genuineness of the cheque to be
truncated and whether any fraud, forgery or tampering is apparent on the face of the instrument

___________ can be drawn in sets

Where the endorser relieves himself from any liability with respect to any expenses that may be incurred in case
of dishonour of the negotiable instrument, it is called as __________

Where the endorser waives any of his rights, it is called as _____

Where the endorser relieves himself from any liability to all subsequent endorsees, it is called as __________

Which of the following is not a valid endorsement?

Negotiable Instruments Act was enacted in the year__________

Section 4 Negotiable Instruments Act, 1881 deals with___________

Bearer instrument can be transferred by __________

Which of the instrument is not liable to stamp duty?

Every _________ is a _________ but every _________ is not a ____________

Which of the following is not a presumption as to Negotiable Instrument?

Which of the following statement is false about Negotiable Instrument?

Which of the following statement is untrue about promissory not?

Order instrument can be negotiated by ____________

Which of the following promissory note is valid?

There are usually __________ parties in BOE.

Bill of exchange is __________

Which of the following is not an essential element of a BOE?

There are usually _______ parties in Promissory note whereas ________ in BOE.

Liability of a maker of a note is ___________

Cheque is a bill of exchange drawn on ________

Electronic cheque is a cheque drawn in electronic form by using computer resource and signed
with digital signature and ________

Truncated cheque is a cheque which is truncated during __________

Which of the following is an essential element of Electronic Cheque?

Noting and protesting isn‟t required in case there is dishonor of_______

Which of the following negotiable instrument can be crossed?