Under the Negotiable Instruments Act, 1881, if no actual damage is caused:
Section 84(1) NI Act discharges the drawer only where he "suffers actual damage through the delay", and then "to the extent of such damage". Where no damage is caused, he is…
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Under the Negotiable Instruments Act, 1881, if no actual damage is caused:
Answer and explanation
Correct answer B
Section 84(1) NI Act discharges the drawer only where he "suffers actual damage through the delay", and then "to the extent of such damage". Where no damage is caused, he is not discharged at all, not even as to interest.
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