Ambiguous instruments are those instruments which may be

Q: Answer-Ambiguous instruments are those instruments which may be construed.

NI Act Section 17 of NI Act Ambiguous instrumentsWhere an instrument may be construed either as a promissory note or bill of exchange, the holder may at his election treat it as either, and the instrument shall be thenceforward treated accordingly.

construed.

A Either as promissory note or as cheque Correct Answer Incorrect Answer

B Either as bill of exchange or as cheque Correct Answer Incorrect Answer

C Either as promissory note or as bill of exchange Correct Answer Incorrect Answer

D Either as negotiable instrument or as stamped instruments Correct Answer Incorrect Answer

Solution

NI Act Section 17 of NI Act: Ambiguous instruments—Where an instrument may be construed either as a promissory note or bill of exchange, the holder may at his election treat it as either, and the instrument shall be thenceforward treated accordingly.

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CBI APP and PP

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