Under the Negotiable Instruments Act, 1881, a holder of a negotiable instrument indorsed in blank may…
Under s.49 NI Act, the holder of an instrument indorsed in blank may convert that indorsement into an indorsement in full, not a conditional indorsement, forged indorsement…
Choose your answer
Under the Negotiable Instruments Act, 1881, a holder of a negotiable instrument indorsed in blank may convert it into:
Answer and explanation
Correct answer B
Under s.49 NI Act, the holder of an instrument indorsed in blank may convert that indorsement into an indorsement in full, not a conditional indorsement, forged indorsement or special contract.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
CUET PG Law (LL.M.)
Subject revision