Section 103 of the Negotiable Instruments Act deals with:
Section 103 allows a bill drawn payable elsewhere than at the drawee's residence, once dishonoured by non-acceptance, to be "protested for non-payment" without further…
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Section 103 of the Negotiable Instruments Act deals with:
Answer and explanation
Correct answer A
Section 103 allows a bill drawn payable elsewhere than at the drawee's residence, once dishonoured by non-acceptance, to be "protested for non-payment" without further presentment to the drawee. Protest for better security is in s.100, protest of foreign bills in s.104, and noting as equivalent to protest in s.104A.
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