CAP CLASSES

is not entitled to any days of grace.

A promissory note in which the maker is a minor

As per section 31 or RBI Act, 1934, cannot be made payable to bearer and cannot be made payable to bearer on demand.

A bearer instrument can be negotiated by

Notice of negotiation is

Where an endorser makes his liability dependent upon happening of a specified event, although such event may never happen, it is called as endorsement, and such endorsement is

If a person, after making, but before making its delivery, dies, and afterwards, the delivery is made by the legal representative of the deceased, it in a valid negotiation.

A negotiable instrument confers upon a valid title notwithstanding any defect in the title of any prior party.

A negotiable instrument may be negotiated until

Where a promissory note is payable and is at a specified place, no presentation is necessary in order to charge the maker thereof.

In case of any reasonable suspicion about the genuineness of an electronic image of truncated cheque, is entitled to demand any further information regarding the truncated cheque and demand the presentation of truncated cheque itself for verification.

A cheque must, in order to charge any person except drawer, be presented within after delivery thereof by such person

Where the drawee agrees to make the payment at a time other than the time stated in the bill, it

If a blank endorsement is converted into an endorsement in full, are discharged

Where a bill is not accepted by the drawee within of presentment of bill, it is dishonoured by non-acceptance.

cannot be dishonoured by non-acceptance