In the illustration to Section 134 of the Negotiable Instruments Act, 1881, the drawer A was liable to…
In the illustration to s.134, the drawer, having made the bill in California, remained liable by California law at its 25 per cent rate, not 15, 10, or 12 per cent.
Choose your answer
In the illustration to Section 134 of the Negotiable Instruments Act, 1881, the drawer A was liable to pay interest at:
Answer and explanation
Correct answer A
In the illustration to s.134, the drawer, having made the bill in California, remained liable by California law at its 25 per cent rate, not 15, 10, or 12 per cent.
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