Section 49 of the Negotiable Instruments Act deals with:
Section 49 NI Act deals with "conversion of indorsement in blank into indorsement in full" by a holder writing a direction above the indorser's signature. The effect of…
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Section 49 of the Negotiable Instruments Act deals with:
Answer and explanation
Correct answer A
Section 49 NI Act deals with "conversion of indorsement in blank into indorsement in full" by a holder writing a direction above the indorser's signature. The effect of indorsement is in s.50, negotiation by delivery in s.47, and indorsement for part of the sum in s.56.
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