📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    In case of cheque dishonour due to insufficient funds,

    who is legally liable under Section 138 of the Negotiable Instruments Act?
    A Drawee bank Correct Answer Incorrect Answer
    B Drawer (account holder) Correct Answer Incorrect Answer
    C Payee Correct Answer Incorrect Answer
    D Collecting bank Correct Answer Incorrect Answer
    E RBI Correct Answer Incorrect Answer

    Solution

    Drawer is liable under Section 138 NI Act for dishonour of cheque due to insufficiency of funds.

    Practice Next
    More Previous year papers Questions

    Relevant for Exams:

    ask-question