Answer Answer: Option B Explanation:Section 13 of the Negotiable Instruments Act states that a negotiable instrument is a promissory note, bill of exchange or a cheque payable either to order or to bearer. Negotiable instruments recognised by statute are: (i) Promissory notes (ii) Bills of exchange (iii) Cheques.
Workspace
ReportMail id: Report Error:
Answer Answer: Option D Explanation:Indian Trusts Act, 1882 is an Act in India related to private trusts and trustees. The act defines what would lawfully be called as a trust and who can be legally its trustees and provides definition for them. The Indian trusts amendment bill of 2015 amended the act and removed some restrictions on investment of the monetary assets by the trust in certain investments. But at the same time enabled the government to scrutinize the trusts investments at will
Answer Answer: Option C Explanation:A banker or officer of a bank, shall not, in any legal proceeding to which the banker is not a party, be compellable to produce any banker's book, the contents of which can be proved under this Act 1891.
Answer Answer: Option B Explanation:The Indian Stamp Act of 1899 (2 of 1899), is an in-force Act of the Government of India for the charging of stamp duty on instruments recording transactions.
Answer Answer: Option D Explanation:The Indian Partnership Act, 1932 was enacted in India in 1932.