The negotiable instruments covered by Section 45 of the Negotiable Instruments Act, 1881 include:
Section 45 NI Act, on partial failure of consideration not consisting of money, applies where a person signed "a promissory note, bill of exchange or cheque". The rule…
Choose your answer
The negotiable instruments covered by Section 45 of the Negotiable Instruments Act, 1881 include:
Answer and explanation
Correct answer D
Section 45 NI Act, on partial failure of consideration not consisting of money, applies where a person signed "a promissory note, bill of exchange or cheque". The rule therefore reaches each of the three instruments alike, so all of the given options are correct.
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