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.
Which of the following is correct about Commercial Papers (CP)?
Consider the following statements regarding economic survey 2022-23:
1.   Financial Year (FY23) has a reversing trend of rural-urban infla...
Which of the following management principle states that no employee should report to more than one superior?
What is the investment limit for Foreign Portfolio Investors (FPI) in government securities (Gsecs) as announced by the RBI for the fiscal year 2024-25?
Which campaign did HDFC Life launch to simplify and speed up the life insurance purchase process?
An investment fund that is traded on an exchange is known as
Which of the following types of credit facilities is most suitable for an MSME requiring financing to maintain inventory levels, receivables, and workin...
Which of the following is not a major gold trading center?
Which of the following is NOT a characteristic of Alternative Investment Funds (AIFs) in India?
A company fails to accrue wages for march that will be paid in April. The company’s year-end balance sheet liabilities: