Under the Negotiable Instruments Act, 1881, delivery of bearer instrument to another person's agent for…
Under Illustration (a) to s.47 NI Act, delivery of a bearer instrument by its holder to another person's agent to keep for that person amounts to negotiation, not something…
Choose your answer
Under the Negotiable Instruments Act, 1881, delivery of bearer instrument to another person's agent for that person:
Answer and explanation
Correct answer D
Under Illustration (a) to s.47 NI Act, delivery of a bearer instrument by its holder to another person's agent to keep for that person amounts to negotiation, not something requiring endorsement or cancelling the instrument.
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