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

    Question

    Which of the following is not defined under section 2 of

    The Limitation Act, 1963?
    A Bill of exchange Correct Answer Incorrect Answer
    B Bond Correct Answer Incorrect Answer
    C Cheque Correct Answer Incorrect Answer
    D Promissory note Correct Answer Incorrect Answer

    Solution

    (c) “bill of exchange” includes a hundi and a cheque; (d) “bond” includes any instrument whereby a person obliges himself to pay money to another, on condition that the obligation shall be void if a specified act is performed, or is not performed, as the case may be; (k) “promissory note” means any instrument whereby the maker engages absolutely to pay a specified sum of money to another at a time therein limited, or on demand, or at sight;

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