Question

Every prior party to a negotiable instrument is liable

Q: Answer-Every prior party to a negotiable instrument is liable thereon to a holder in due course.

Section 36 of Negotiable Instruments Act Liability of prior parties to holder in due courseEvery prior party to a negotiable instrument is liable thereon to a holder in due course until the instrument is duly satisfied.

thereon to a holder in due course.

A Until the instrument is presented

B Until the instrument matures

C Until the instrument is accepted

D Until the instrument is duly satisfied

Practice Next

More Other Laws and Acts Questions

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Every prior party to a negotiable instrument is liable

Solution