Section 31 of the Negotiable Instruments Act deals with:
Section 31, "Liability of drawee of cheque", requires the drawee with sufficient properly applicable funds to pay when duly required and compensate the drawer for default.…
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Section 31 of the Negotiable Instruments Act deals with:
Answer and explanation
Correct answer A
Section 31, "Liability of drawee of cheque", requires the drawee with sufficient properly applicable funds to pay when duly required and compensate the drawer for default. Sections 30, 32 and 35 address the drawer, maker/acceptor and indorser respectively.
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