Under Section 67 of the Negotiable Instruments Act, 1881, in the case of a promissory note payable by…
Under s.67 NI Act, a promissory note payable by instalments must be presented for payment on the third day after the date fixed for each instalment, not only the final or…
Choose your answer
Under Section 67 of the Negotiable Instruments Act, 1881, in the case of a promissory note payable by instalments, presentment for payment must occur for:
Answer and explanation
Correct answer A
Under s.67 NI Act, a promissory note payable by instalments must be presented for payment on the third day after the date fixed for each instalment, not only the final or first instalment, or any bank instalment.
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