Section ______ of the Negotiable Instruments Act deals with 'noting'
Section "99" of the Negotiable Instruments Act, 1881 deals with noting: when a promissory note or bill of exchange is dishonoured by non-acceptance or non-payment, the…
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Section ______ of the Negotiable Instruments Act deals with 'noting'
Answer and explanation
Correct answer A
Section "99" of the Negotiable Instruments Act, 1881 deals with noting: when a promissory note or bill of exchange is dishonoured by non-acceptance or non-payment, the holder may have the dishonour noted by a notary public on the instrument or on an attached paper within a reasonable time, recording the date and reason of dishonour and the notary's charges.
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