Under the Negotiable Instruments Act, 1881, a party receiving notice of dishonour must:
Under s.95, a party receiving notice of dishonour "must, in order to render any prior party liable to himself, give notice of dishonour to such party within a reasonable…
Choose your answer
Under the Negotiable Instruments Act, 1881, a party receiving notice of dishonour must:
Answer and explanation
Correct answer B
Under s.95, a party receiving notice of dishonour "must, in order to render any prior party liable to himself, give notice of dishonour to such party within a reasonable time". Noting by a notary is a separate step under s.99 and does not replace notice to prior parties.
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