Under the Negotiable Instruments Act, 1881, the discharge of drawer is limited to:
Section 84(1) of the Negotiable Instruments Act discharges the drawer "to the extent of such damage" caused by delay, subject to the statutory conditions. The whole cheque…
Choose your answer
Under the Negotiable Instruments Act, 1881, the discharge of drawer is limited to:
Answer and explanation
Correct answer B
Section 84(1) of the Negotiable Instruments Act discharges the drawer "to the extent of such damage" caused by delay, subject to the statutory conditions. The whole cheque amount is discharged only where the qualifying damage reaches that amount; there is no fixed half-value or interest-only limit.
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