Section 90 of the Negotiable Instruments Act, 1881 (extinguishment of rights of action when the bill is…
Under s.90 of the Negotiable Instruments Act, 1881, the extinguishment of rights of action applies to a negotiated bill of exchange coming into the acceptor's hands, not a…
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Section 90 of the Negotiable Instruments Act, 1881 (extinguishment of rights of action when the bill is in the acceptor's hands) applies to:
Answer and explanation
Correct answer B
Under s.90 of the Negotiable Instruments Act, 1881, the extinguishment of rights of action applies to a negotiated bill of exchange coming into the acceptor's hands, not a promissory note, cheque, or bank draft.
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