Who as the drawer of a cheque can be prosecuted for non-payment of the cheque due to insufficient funds…
A drawer may be a natural person, body corporate or firm. Section 141 expressly treats a company as including a body corporate, firm or other association of individuals.…
Choose your answer
Who as the drawer of a cheque can be prosecuted for non-payment of the cheque due to insufficient funds under section 138 of the Negotiable Instruments Act, 1881:
Answer and explanation
Correct answer D
A drawer may be a natural person, body corporate or firm. Section 141 expressly treats a company as including a body corporate, firm or other association of individuals. Liability requires the section 138 conditions; personal liability of officers or partners additionally depends on section 141, rather than their title alone. The three exclusive only choices are therefore wrong.
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