Under section 16 of the Negotiable Instrument Act, 'endorsement in blank' of an instrument means:

As per Section 118 of the Negotiable Instruments Act, presumption in regard to the date of a negotiable instrument is that every negotiable instrument bearing a date was made or drawn:

A

On such date

B

Prior to that date

C

May be on or prior to such date

D

None of the above

A group of 74 students of Class XI went on picnic. The number of students who went on picnic by each section is as follows: Section A = 15 Section B = 24 Section C = 15 Section D = 20 5 students from Section A spent as much as 4 students from Section B. 12 Section B students spent as much as 9 Section C students and 6 Section C students spent as much as 8 Section D student. If every student of a particular section spent the same amount and all the students spent Rs. 23,370 altogether, find the amount spent by each student of Section D?

A

Rs. 307.50

B

Rs. 410

C

Rs. 246.50

D

Rs. 369

Under which section of Negotiable Instrument Act, 1882, the 'Dishonour of Negotiable Instrument by Non-Payment' is covered?

A

Section 90

B

Section 91

C

Section 92

D

Section 93

Which of the following are presumptions as to a negotiable instrument under section 118 of the Negotiable Instruments Act? Answer using given below:
(1) Presumption of contractual capacity
(2) Presumption of consideration
(3) Presumption of maturity of instrument
(4) Presumption of date

A

Only (1) and (3)

B

Only (2) and (4)

C

Only (1) and (4)

D

Only (1) and (2)

What is the term used to describe an endorsement in which the endorser excludes his own liability on the negotiable instrument in case of dishonour of the instrument?

A

Partial endorsement

B

Sans recourse endorsement

C

Restrictive endorsement

D

Conditional endorsement

Under section 16 of the Negotiable Instrument Act, 'indorsement in blank' of an instrument means

A

Where the indorser does not write anything on the instrument

B

Where the indorser signs his name only on the instrument

C

Where the indorser writes the name of the person who is directed to pay

D

None of the above

Given below are two statements, one labeled as Assertion (A) and the other labeled as Reason (R). Read the statements and choose the correct answer using the given below.
Assertion (A): A 'negotiable instrument' means a promissory note, bill of exchange or cheque payable either to order or to bearer.
Reason (R): Because it is said so under Section 13 of the Negotiable Instruments Act, 1881.

A

Both (A) and (R) are correct and (R) is the correct explanation of (A)

B

(A) is false, but (R) is true

C

Both (A) and (R) are false

D

(A) is true, but (R) is false

Section 5 of Negotiable Instrument Act deals with which Negotiable Instrument?

A

Bill of Exchange

B

Promissory Note

C

Partcipatory Notes

D

Cheque

The presumption as to the date of a negotiable instrument under section 118 is that, every negotiable instrument bearing a date was made or drawn

A

Prior to that date

B

On such date

C

May be on or prior to that date

D

None of the above

Last year, there were three sections in a competitive exam. Out of them 33 students cleared the cut-off in Section A, 34 students cleared the cut-off in Section B and 32 students cleared the cut-off in Section C. 10 students cleared the cut-off in section A and section B, 9 cleared the cut-off in section B and section C and 8 cleared the cut-off in section A and section C. The number of students who cleared only one section was equal and was 21 for each section. How many students cleared all the three sections?

A

6

B

9

C

8

D

7

Under section 16 of the Negotiable Instrument Act, 'endorsement in blank' of an instrument means:

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