Under the Negotiable Instruments Act, 1881, the person responsible for payment may be:
Section 70 NI Act requires presentment at the place of business or usual residence "of the maker, drawee or acceptor thereof, as the case may be". Each listed person can be…
Choose your answer
Under the Negotiable Instruments Act, 1881, the person responsible for payment may be:
Answer and explanation
Correct answer D
Section 70 NI Act requires presentment at the place of business or usual residence "of the maker, drawee or acceptor thereof, as the case may be". Each listed person can be the party at whose place presentment is made, so all of the given options are correct.
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