New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under Negotiable Instrument Act 1881, a negotiable

    instrument may be negotiated 
    A Until payment Correct Answer Incorrect Answer
    B Until satisfaction Correct Answer Incorrect Answer
    C Until payment or satisfaction Correct Answer Incorrect Answer
    D After payment or satisfaction Correct Answer Incorrect Answer
    E Both c and d Correct Answer Incorrect Answer

    Solution

    Section 60 - A negotiable instrument may be negotiated (except by the maker, drawee or acceptor after maturity) until payment or satisfaction thereof by the maker, drawee or acceptor at or after maturity, but not after such payment or satisfaction

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