Under Section 77 of the Negotiable Instruments Act, 1881, the banker's liability for negligently…
Under s.77 NI Act, the banker's liability arises where a bill duly presented for payment at his bank has been dishonoured and he negligently or improperly deals with it, not…
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Under Section 77 of the Negotiable Instruments Act, 1881, the banker's liability for negligently dealing with a bill accepted payable at his bank arises when the bill, duly presented for payment, is:
Answer and explanation
Correct answer D
Under s.77 NI Act, the banker's liability arises where a bill duly presented for payment at his bank has been dishonoured and he negligently or improperly deals with it, not where it is merely accepted, registered, or negotiated.
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