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Different parts of a bill drawn in parts are accepted or indorsed in favour of different persons. Under…

The exception to Section 132 of the Negotiable Instruments Act applies when different parts are accepted or indorsed "in favour of different persons". The actor and…

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Different parts of a bill drawn in parts are accepted or indorsed in favour of different persons. Under the exception to section 132 of the Negotiable Instruments Act, 1881, the relevant actor and subsequent indorsers become:

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Correct answer A

The exception to Section 132 of the Negotiable Instruments Act applies when different parts are accepted or indorsed "in favour of different persons". The actor and subsequent indorsers then bear separate-part liability; without that setting the whole set ordinarily constitutes one bill.

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