Question
An Inchoate Instrument is:
Solution
An incomplete instrument is called an inchoate instrument. Section 20 of the Negotiable Instruments Act provides that when one person signs and delivers to another a paper stamped in accordance with the law relating to negotiable instruments then in force in India and either wholly blank or having written thereon an incomplete negotiable instrument, he thereby give prima facie authority to the holder thereof to maker to complete, as the case may be, upon it a negotiable instrument for an amount specified therein and not exceeding the amount covered by the stamp. The person so signing shall be liable upon such instrument in the capacity in which he signed the same, to any holder in due course for such amount.
In the following questions, sentences are given with a part in bold. The given phrase in bold may or may not contain an error. If phrase has error, one...
In the following question, a sentence is given with a phrase or idiom highlighted in bold. Select the option given below that can replace the highlight...
The story reveal a lot about the dominating relationship between adults and children .
Less than an hour after the explosion, the lunar landing mission was abetted , with the primary subject now to get the astronauts safely back to Earth.<...
In the following questions, sentences are given with a part in bold. The given phrase in bold may or may not contain an error. If phrase has error, one...
Select the most appropriate meaning of the bold idiom.
The manager finally ( called it a day) after the long meeting.
Select the most appropriate word to substitute the underlined word of the given sentence. If substitution is not required select ‘No improvement&r...
"When negotiating the contract, Lisa really went the extra mile to ensure all the terms were fair for both parties."
In each of the following sentences, a part is given in bold. Choose the best alternative that improves the sentence grammatically and contextually. If ...
I. Aimed at benefiting more than 40 lakh beneficiaries with real-time information from the convenience of their homes, the Health Ministry have revampe...
