Section 77 of the Negotiable Instruments Act, 1881 (liability of banker for negligently dealing with a…
Under s.77 NI Act, the banker's liability for negligent handling applies to a bill of exchange accepted payable at a specified bank, not a promissory note, cheque, or…
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Section 77 of the Negotiable Instruments Act, 1881 (liability of banker for negligently dealing with a bill presented for payment) applies to a:
Answer and explanation
Correct answer B
Under s.77 NI Act, the banker's liability for negligent handling applies to a bill of exchange accepted payable at a specified bank, not a promissory note, cheque, or currency note.
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