Question
What is the liability of drawee of cheque under
Negotiable Instruments Act 1881?Solution
Section 31- Liability of drawee of cheque—The drawee of a cheque having sufficient funds of the drawer in his hands properly applicable to the payment of such cheque must pay the cheque when duly required so to do, and , in default of such payment, must compensate the drawer for any loss or damage caused by such default.
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Break Down
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...In the following question, a sentence is given with a highlighted phrase, and it is followed by three options (I), (II), and (III) which can replace th...
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