New One Goal, Three Exams: Strategies for Mastering RBI, SEBI, and IFSCA Exams
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Question

In which of the following cases, notice of dishonour is unnecessary?

                              I.        when it is dispensed by the party

                            II.        when the party entitled to notice cannot be found

                           III.        when the party entitled to notice, knowing the facts, promises unconditionally to pay the amount due on the instrument

A Both I and II Correct Answer Incorrect Answer
B Both II and III Correct Answer Incorrect Answer
C Only I Correct Answer Incorrect Answer
D Only III Correct Answer Incorrect Answer
E All I, II and III Correct Answer Incorrect Answer

Solution

Section 98 of NI Act

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