The term 'Negotiable instrument' is defined in the Negotiable Instruments Act, 1881, under section

Consider the following statements in connection with deflection-type and null-type instruments: 1. Null-type instruments are more accurate than the deflection-type ones. 2. Null-type of instrument can be highly sensitive compared to a deflection-type instrument. 3. Under dynamic conditions, null-type instruments are less preferred to deflection-type instruments. 4. Response is faster in null-type instruments as compared to deflection-type instruments. Which of the above statements are correct?

A

1, 2 and 3

B

1, 2 and 4

C

1, 3 and 4

D

2, 3 and 4

Consider the following statements for deflection and null type instruments: 1. Deflection type of instruments are more accurate than null type of instruments. 2. Deflection type of instruments can be highly sensitive as compared with the null type of instruments. 3. Null type of instruments are more suitable for measurements under dynamic conditions than deflection type of instruments. Which of the above statements are not correct?

A

1 and 2 only

B

1 and 3 only

C

1, 2 and 3

D

2 and 3 only

A' signs instruments in the following terms, which instruments are promissory note under Section 4 of the Negotiable Instruments Act, 1881?

A

I promise to pay 'B' or order Rs. 500/- to be paid on demand

B

I promise to pay 'B' Rs. 5000/- and all other some which shall be due to him

C

I promise to pay 'B' Rs. 5000/- first deducting there out any money which he may own me

D

I promise to pay 'B' Rs. 5000/- ten days after my marriage with 'C'

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

Under section 118 of the Negotiable Instruments Act, 1881, it is presumed, until the contrary is proved, that every transfer of a negotiable instrument was made

A

After its maturity

B

Before its maturity

C

At its maturity

D

None of the above

Under section 118 of the Negotiable Instruments Act, 1881, it is presumed, until the contrary is proved, that every transfer of a negotiable instrument was made:

A

after its maturity

B

before its maturity

C

at its maturity

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

According to Section 13 of the Negotiable Instruments Act, 1881, which is not a "Negotiable Instrument"?

A

Instrument of Debt

B

Promissory Note

C

Bill of exchange

D

Cheque

Under Negotiable Instruments Act, 1881, an instrument in writing containing an unconditional under taking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument is a . . . . . . . .

A

Promissory Note

B

Bill of Exchange

C

Currency Note

D

Truncated Cheque

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)

The term 'Negotiable instrument' is defined in the Negotiable Instruments Act, 1881, under section

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