Q48. Liability of drawer to compensate the drawee in case of dishonor is primarily provided under -
- A. Section 29 (a)
- B. Section 29
- C. Section 30
- D. Section 31.
Topic: Negotiable Instruments Act — Section 30, Liability of drawer, Dishonour of bill
Negotiable Instruments Act — AIBE Subject Practice
27 Negotiable Instruments Act questions drawn from past AIBE papers. Review sample questions below, then practice the full subject set with answers and explanations.
Practice Negotiable Instruments ActSample Questions
Q49. Who are the partners in a bill of exchange?
- A. Drawer & Drawee
- B. Payee
- C. Both 1 and 2
- D. None of the above.
Topic: Negotiable Instruments Act — Bill of exchange, Drawer, Drawee and payee
Q52. Cheque bouncing cases charged under Section 138 of Negotiable Instruments Act is trained by
- A. Bank Tribunal
- B. Consumer Forum
- C. Magistrate Court
- D. Sessions Court
Topic: Negotiable Instruments Act — Negotiable Instruments Act, 1881 Section 138, Cheque dishonour, Trial by Magistrate
Q100. What is main objective of Section 138 of Negotiable Instruments Act
- A. Recovery of stolen property
- B. Recovery of seized vehicles from RTO
- C. Recovery of the cheque amount in case cheque issued by the payer is bounced
- D. None of the above
Topic: Negotiable Instruments Act — Negotiable Instruments Act, 1881, Section 138, Dishonour of cheque
Q43. The liability under Section 138 of the negotiable instruments act 1881 is
- A. Strict liability
- B. Vicarious liability
- C. Both (1) and (2)
- D. None of the above
Topic: Negotiable Instruments Act — Section 138, Cheque dishonour, Strict liability