Section 117 of the Negotiable Instruments Act, 1881 applies when a negotiable instrument is:
Section 117 applies once a negotiable instrument has been dishonoured, fixing the compensation then payable, not on negotiation, acceptance, or cancellation.
Choose your answer
Section 117 of the Negotiable Instruments Act, 1881 applies when a negotiable instrument is:
Answer and explanation
Correct answer B
Section 117 applies once a negotiable instrument has been dishonoured, fixing the compensation then payable, not on negotiation, acceptance, or cancellation.
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