Section 54 of the Negotiable Instruments Act deals with:
Section 54 NI Act provides that "a negotiable instrument indorsed in blank is payable to the bearer thereof even although originally payable to order". Indorsement for part…
Choose your answer
Section 54 of the Negotiable Instruments Act deals with:
Answer and explanation
Correct answer C
Section 54 NI Act provides that "a negotiable instrument indorsed in blank is payable to the bearer thereof even although originally payable to order". Indorsement for part of the sum is in s.56, negotiation by a legal representative in s.57 and instruments acquired after dishonour in s.59.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
CUET PG Law (LL.M.)
Subject revision