The rule in Section 55 of the Negotiable Instruments Act, 1881 (instrument indorsed in blank later…
By limiting who can claim against the indorser in full to the named indorsee or one deriving title through him, s.55 NI Act ensures controlled negotiation rather than…
Choose your answer
The rule in Section 55 of the Negotiable Instruments Act, 1881 (instrument indorsed in blank later indorsed in full) ensures:
Answer and explanation
Correct answer A
By limiting who can claim against the indorser in full to the named indorsee or one deriving title through him, s.55 NI Act ensures controlled negotiation rather than unlimited transfer, bank control, or government supervision.
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