Under the Negotiable Instruments Act, 1881, a person liable to pay the instrument is entitled before…
Under s.81(1) NI Act, a person liable to pay is "before payment entitled to have it shown, and is on payment entitled to have it delivered up, to him". Delivery up comes…
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Under the Negotiable Instruments Act, 1881, a person liable to pay the instrument is entitled before payment:
Answer and explanation
Correct answer B
Under s.81(1) NI Act, a person liable to pay is "before payment entitled to have it shown, and is on payment entitled to have it delivered up, to him". Delivery up comes only on payment; before payment the right is to have the instrument shown.
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