Match List-I with List-II and select the correct answer using codes given below :
Answer in context of the Negotiable Instruments Act.
List-I List-II (a) Time and place for presentment (i) Section 19 (b) Cheques are payable in demand (ii) Section 8 (c) Holder of a negotiable instrument (iii) Section 61 (d) Fictitious drawer or payee (iv) Section 42
Codes:
This solution provides the correct matching between items in List-I and sections in List-II concerning the Negotiable Instruments Act.
The correct combination is (a)-(i), (b)-(iii), (c)-(ii), (d)-(iv), corresponding to Option D.
Which one among the following is not a privilege or right of a holder-in-due course under Negotiable Instruments Act?
Which one of the following statements is correct regarding the Negotiable Instruments Act in India?
| List - I | List - II |
| (a) Kundan Lal Rallaram Vs. Custodian | (i) Presumption under section 118 of the Negotiable Instrument Act arises only if the execution of the document is proved as true |
| (b) C.T. Joseph Vs. I.V. Phillip | (ii) Burden of proof of failure of consideration for a negotiable instrument |
| (c) A.V. Murthy Vs. B.S. Nagabasavanna | (iii) A negotiable instrument is presumed to be drawn for consideration |
| (d) Beni Madhavnath Vs. Jugandra Nath Balwan | (iv) The statutory presumption envisaged under section 118(a) of the Negotiable Instrument Act is rebuttable. |
| (a) | (b) | (c) | (d) |