Section 74 of the Negotiable Instruments Act deals with:
Section 74 NI Act provides that, subject to s.31, "a negotiable instrument payable on demand must be presented for payment within a reasonable time after it is received by…
Choose your answer
Section 74 of the Negotiable Instruments Act deals with:
Answer and explanation
Correct answer A
Section 74 NI Act provides that, subject to s.31, "a negotiable instrument payable on demand must be presented for payment within a reasonable time after it is received by the holder". Instruments payable after date or sight are covered by s.66, and excuse for delay by s.75A.
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