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Chapter 24 Negotiable Intrument (Question Paper)

The document is a test on negotiable instruments from Chapter 24 of EBCL containing 6 questions worth 30 marks total. The test covers topics like modes of discharging liability on negotiable instruments, types of endorsements, distinguishing between checks and bills of exchange, the legality of dishonoring a check for insufficient funds, legal remedies for a check endorsed to a minor being dishonored, and liability of a check drawer if the bank fails before a check is presented.

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Debashish Sharma
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176 views1 page

Chapter 24 Negotiable Intrument (Question Paper)

The document is a test on negotiable instruments from Chapter 24 of EBCL containing 6 questions worth 30 marks total. The test covers topics like modes of discharging liability on negotiable instruments, types of endorsements, distinguishing between checks and bills of exchange, the legality of dishonoring a check for insufficient funds, legal remedies for a check endorsed to a minor being dishonored, and liability of a check drawer if the bank fails before a check is presented.

Uploaded by

Debashish Sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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EBCL TEST

CHAPTER NO-24
NEGOTIABLE INSTRUMENTS ACT
TIME-1 HOUR.
MARKS-30 MARKS.

1. Describe the different modes of discharge of liability of parties with


regard to negotiable instrument.
{5 MARKS}
2. Explain the various types of endorsement.
{5 MARKS}
3. Distinguish Between Cheque and Bill of Exchange.
{5 MARKS}
4. Dishonour of cheque for want of funds is an offence under the
Negotiable Instruments Act, 1881. Do you agree with statement?
{5 MARKS}
5. X draws a cheque in favour of Y, a minor, Y endorses the same in favour
of Z. The cheque is dishonoured by bank on grounds of inadequate
funds. What legal remedy is available to Z under the provisions of the
Negotiable Instruments Act, 1881.
{5 MARKS}

6. A’ draws a cheque for ` 50,000. When the cheque ought to be presented


to the drawee bank, the drawer has sufficient funds to make payment of
the cheque. The bank fails before the cheque is presented. The payee
demands payment from the drawer. What is the liability of the drawer?
{ 5 MARKS}

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