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Question

Match List-I with List-II and select the correct answer using codes given below :
Answer in context of the Negotiable Instruments Act.

List-IList-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:

The correct answer is
(a)-(i), (b)-(iii), (c)-(ii), (d)-(iv)

Negotiable Instruments Act: List Matching

This solution provides the correct matching between items in List-I and sections in List-II concerning the Negotiable Instruments Act.

Act Section Matches

  • (a) Time and place for presentment matches (i) Section 19.
  • (b) Cheques are payable on demand matches (iii) Section 61.
  • (c) Holder of a negotiable instrument matches (ii) Section 8.
  • (d) Fictitious drawer or payee matches (iv) Section 42.

The correct combination is (a)-(i), (b)-(iii), (c)-(ii), (d)-(iv), corresponding to Option D.

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Important Questions from Negotiable Instruments Act, 1881

  1. Which one among the following is not a privilege or right of a holder-in-due course under Negotiable Instruments Act?

  2. Which one of the following statements is correct regarding the Negotiable Instruments Act in India?

  3. Arrange chronologically, the important committees that recommended changes to the Companies Act :
    1. Naresh Chandra Committee
    2. Vaish Committee
    3. Sachar Committee
    4. Bhabha Committee
    5. Company Law Committee
  4. Which of the following statement is correct ?
  5. Match List - I with List - II and select the correct answer using the codes given below :
    List - IList - 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.

    Codes:
    (a)(b)(c)(d)
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