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    Question

    ____________ of the Negotiable Instrument Act 1881 deals

    with the dishonor of cheques and the consequences, thereon.
    A Section 6 Correct Answer Incorrect Answer
    B Section 138 Correct Answer Incorrect Answer
    C Section 139 Correct Answer Incorrect Answer
    D Section 7 Correct Answer Incorrect Answer
    E Section 120 Correct Answer Incorrect Answer

    Solution

    The NI Act 1881 is mainly concerned regarding the negotiable instruments such as cheques, demand drafts etc. Such instruments can be defined as the written orders or unconditional promises to pay a certain sum of money on demand or at a certain point of time. Section 138 of this act deals with the cheque dishonor cases and the subsequent issues whereas Section 6 of this act is regarding the cheques and demand drafts.

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