Dishonor of cheque is dealt under which of the following sections of Negotiable Instruments Act, 1881?
Section 138 of the Negotiable Instruments Act, 1881 deals with dishonour of cheques for insufficiency of funds and related circumstances. Liability depends on satisfaction…
Choose your answer
Dishonor of cheque is dealt under which of the following sections of Negotiable Instruments Act, 1881?
Answer and explanation
Correct answer D
Section 138 of the Negotiable Instruments Act, 1881 deals with dishonour of cheques for insufficiency of funds and related circumstances. Liability depends on satisfaction of the statutory requirements, including a legally enforceable debt or liability and the prescribed notice process.
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