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.
The 'Third-Party Liability' cover in a motor insurance policy is mandatory in India as per the:
The Private equity investors shall not hold more than _________ percent of the paid up equity share capital of the Indian insurance company.
A form of life insurance coverage payable to a third party lender/mortgagee upon the death of the insured/mortgagor for loss of loan payments is termed as?
What is the insurance of commercial property that protects the property from such perils as fire, theft and natural disaster?
With the implementation of the 'National Green Hydrogen Mission,' India's Green Hydrogen production capacity is likely to reach at least ______ per annum
The insurance is listed in which schedule to the Constitution of India?
The central office of the Life Insurance Corporation of India (LIC) is located at?
Which of the following is NOT a factor that affects the premium of a motor insurance policy?
Which of these changes would typically require an endorsement?
The primary categories of insurance business in India are:
