Site navigation

Section 2(2) of the Indian Stamp Act, 1899 as applicable in Himachal Pradesh extends the definition of…

Section 2(2) of the Indian Stamp Act incorporates the definition from the Negotiable Instruments Act, 1881. It also includes hundis and other documents that entitle or…

Choose your answer

Section 2(2) of the Indian Stamp Act, 1899 as applicable in Himachal Pradesh extends the definition of a bill of exchange to cover instruments such as hundis. Which Act supplies the underlying definition?

Select one answer
Answer and explanation

Correct answer D

Section 2(2) of the Indian Stamp Act incorporates the definition from the Negotiable Instruments Act, 1881. It also includes hundis and other documents that entitle or purport to entitle a person to receive money from, or draw money on, another person.

Option feedback

Option A

Section 2(2) expressly names the Negotiable Instruments Act, 1881.

Option B

Section 2(2) expressly names the Negotiable Instruments Act, 1881. It does not incorporate a Sale of Goods Act definition.

Option C

Section 2(2) expressly names the Negotiable Instruments Act, 1881. It does not incorporate a Banking Regulation Act definition.

Option D

Section 2(2) expressly incorporates the Negotiable Instruments Act definition, which appears in section 5 of that Act.

Practice for these exams

Related question papers

Related exam syllabi

Related questions in this topic