Under Section 1 of the Negotiable Instruments Act, 1881 (Act 26 of 1881), the Act came into force on:
The Negotiable Instruments Act, 1881 (Act 26 of 1881) was enacted on 9 December 1881, and under Section 1 ('Short title, Local extent, Saving of usages relating to hundis,…
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Under Section 1 of the Negotiable Instruments Act, 1881 (Act 26 of 1881), the Act came into force on:
Answer and explanation
Correct answer D
The Negotiable Instruments Act, 1881 (Act 26 of 1881) was enacted on 9 December 1881, and under Section 1 ('Short title, Local extent, Saving of usages relating to hundis, etc., Commencement'), 'it shall come into force on the first day of March, 1882' (1 March 1882).
Option feedback
Option A
Incorrect. 9 December 1881 is the date on which the Negotiable Instruments Act, 1881 was enacted (received the assent of the Governor-General), whereas under Section 1 it came into force on 1 March 1882.
Option B
Incorrect. The Negotiable Instruments Act, 1881 came into force on 1 March 1882, not 9 December 1882.
Option C
Incorrect. 19 December 1881 is neither the date of enactment nor the date of commencement of the Negotiable Instruments Act, 1881.
Option D
Correct. Under Section 1 ('Commencement') of the Negotiable Instruments Act, 1881, the Act came into force on the first day of March, 1882 (1 March 1882).
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