Section 71 of the Negotiable Instruments Act, 1881 applies when the maker, drawee or acceptor:
Section 71 NI Act applies where the maker, drawee or acceptor "has no known place of business or fixed residence" and no place of presentment is specified. Death and…
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Section 71 of the Negotiable Instruments Act, 1881 applies when the maker, drawee or acceptor:
Answer and explanation
Correct answer B
Section 71 NI Act applies where the maker, drawee or acceptor "has no known place of business or fixed residence" and no place of presentment is specified. Death and insolvency are dealt with in s.75, which allows presentment to the legal representative or the assignee.
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