Can the holder of a negotiable instrument indorsed in blank convert the indorsement into an indorsement in full?

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

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

M drew a cheque amounting to Rs. 2 lakh payable to N and subsequently delivered to him. After receipt of cheque N endorsed the same to C but kept it in his safe locker. After sometime, N died, and P found the cheque in N's safe locker. State the nature of the Instrument as amounting to indorsement under the Negotiable Instruments Act, 1881.

A

Yes its an endorsement, as P becomes the holder of the cheque that he found in the N's safe locker

B

No, its not an endorsement, as P does not become the holder of the cheque

C

Yes, its an endorsement, as P was a ultimate custodian of the cheque

D

No, its not an endorsement, as Nendorsed it to Cand not to the P

The indorsement of a negotiable instrument followed by delivery

A

Transfers to the indorsee the property in the bill, provided the indorsement must be an indorsement in full

B

Does not transfer the property in the bill to anyone

C

Transfers to the indorsee the property in the bill

D

Transfers to the holder the property in bill

A person (payee) signs a blank cheque and gives the same to another person (holder) and the holder fills up the blank space pertaining to amount and date and presents the same in his bank account and it is dishonoured. In such a situation, which of the following statement would be correct?

A

The holder has committed forgery

B

The cheque will have to be treated as invalid

C

The Bank would not accept the cheque

D

The holder will be entitled to maintain a complaint filed upon the cheque being dishonoured upon being presented in the bank

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

A

Bill of Exchange

B

Promissory Note

C

Partcipatory Notes

D

Cheque

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)

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

When all the rights under a negotiable instrument are extinguished and instrument cannot be further negotiated, it is called . . . . . . . . of instrument.

A

Release

B

Completion

C

Discharge

D

All of these

Can the holder of a negotiable instrument indorsed in blank convert the indorsement into an indorsement in full?

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