Under Section 86 of the Negotiable Instruments Act, 1881, the assent of previous parties to a qualified…
Under s.86 of the Negotiable Instruments Act, 1881, previous parties avoid discharge from a qualified acceptance only if they assent after notice given by the holder, not…
Choose your answer
Under Section 86 of the Negotiable Instruments Act, 1881, the assent of previous parties to a qualified acceptance (so that they are not discharged) may be given:
Answer and explanation
Correct answer D
Under s.86 of the Negotiable Instruments Act, 1881, previous parties avoid discharge from a qualified acceptance only if they assent after notice given by the holder, not without notice or after bank or court approval.
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