Question

At sight under the negotiable instrument Act means:

A On presentation Correct Answer Incorrect Answer
B On demand Correct Answer Incorrect Answer
C On coming into vision Correct Answer Incorrect Answer
D On coming into vision Correct Answer Incorrect Answer

Solution

As per Negotiable Instruments Act, 1881- S. 21. “At sight”.—“On presentment”.— In a promissory note or bill of exchange the expressions “at sight” and “on presentment” means 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.  

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