Under Section 77 of the Negotiable Instruments Act, 1881, for the banker's liability for negligent…
Section 77 NI Act applies "when a bill of exchange, accepted payable at a specified bank, has been duly presented there for payment and dishonoured". Presentment for…
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Under Section 77 of the Negotiable Instruments Act, 1881, for the banker's liability for negligent handling to arise, the bill must have been:
Answer and explanation
Correct answer A
Section 77 NI Act applies "when a bill of exchange, accepted payable at a specified bank, has been duly presented there for payment and dishonoured". Presentment for acceptance is not enough; the bill must be duly presented there for payment.
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