When a negotiable instrument is dishonored, the party liable to pay, becomes bound to pay compensation to
On dishonour of a negotiable instrument the party liable becomes bound to compensate the "Holder or endorsee" under the Negotiable Instruments Act, 1881.
Choose your answer
When a negotiable instrument is dishonored, the party liable to pay, becomes bound to pay compensation to
Answer and explanation
Correct answer C
On dishonour of a negotiable instrument the party liable becomes bound to compensate the "Holder or endorsee" under the Negotiable Instruments Act, 1881.
Practice for these exams
-
UGC NET Law
See pack details on LawMint.net -
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
CUET PG Law (LL.M.)
Subject revision