CAP CLASSES

An instrument containing a promise to is valid promissory note.

The date of maturity of a bill payable hundred days after sight and which is presented for sight on 4th May, 2017, is (as per the provisions of the Negotiable Instruments Act, 1881):

A draws a bill on B. B accepts the bill without any consideration. The bill is transferred to C without consideration. C transferred it to D for value. Decide as per provisions of Negotiable Instruments Act, 1881-

While drawing a bill of exchange, a person whose name is given in addition to the drawee who can be resorted in case of need, is called .

A draws a cheque in favour of M, a minor. M endorses the same in favour of X. The cheque is dishonoured by the bank on grounds of inadequate funds. As per the provisions of Negotiable Instruments Act, 1881:

Person named in the instrument to whom money is directed to be paid:

As per the Negotiable Instruments Act, 1881, when the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the …….……..

P obtains a cheque drawn by M by way of gift. Here P is a:

In legal terms, person who takes the instruments bonafide for value before it is overdue, in good faith, is known as:

A promissory note drawn jointly by X, a minor and Y, a major is:

‘A’ signs the instrument in the following manner. State the instrument which cannot be considered as promissory note.

Which of the following is not applicable to negotiable instruments?

A negotiable instrument drawn in favour of minor is

A negotiable instrument that is payable to order can be transferred by:

Offences committed under the Negotiable Instruments Act can be

Validity period for the presentment of cheque in bank is

Parties to a negotiable instrument can be discharged from liability by

Days of grace provided to the Instruments at maturity is