Question

The making, acceptance or indorsement of a promissory note, bill of exchange or cheque is completed by_______________

A Delivery Correct Answer Incorrect Answer
B Passing Correct Answer Incorrect Answer
C Delivery, actual or constructive Correct Answer Incorrect Answer
D Delivery, actual & constructive Correct Answer Incorrect Answer

Solution

Negotiable Instruments Act- Section 46. Delivery—The making, acceptance or indorsement of a promissory note, bill of exchange or cheque is completed by delivery, actual or constructive.

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