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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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