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

    Question

    As per section 21 of the Negotiable Instrument Act “at

    sight” means___________
    A On vision Correct Answer Incorrect Answer
    B On demand Correct Answer Incorrect Answer
    C On presentment Correct Answer Incorrect Answer
    D Of acceptance Correct Answer Incorrect Answer

    Solution

    Section 21. ''At sight''-In a promissory note or bill of exchange the expressions "at sight" and "on presentment" mean on demand. The expression "After sight"--"after sight" means, in a promissory note, after presentment for sight, and, in a bill of exchange, after acceptance, or nothing for non-acceptance, or protest for non-acceptance.

    Practice Next

    Relevant for Exams: