Q60. Where the note, bill or cheque is lost or destroyed, _________.is the person so entitled at the time of such loss or destruction.
a. mirror image
b. holder
c. maturity
Answer
b. holder
Q61. In order to be a holder in due course the holder must have obtained the instrument before_________
a. holder
b. maturity
c. None of these
Answer
b. maturity
Q62. Section _________provides that a bill or cheque payable to bearer is negotiated by mere delivery of the instrument.
a. 47
b. 50
c. 55
Answer
a. 47
Q63. Where along with endorser’s signature, the name of the endorsee is specified, the endorsement is called _________
a. endorsement in full
b. payment
c. maturity
Answer
a. endorsement in full
Q64. The date on which payment of an instrument falls due is called_________
a. payment
b. maturity
c. holder
Answer
a. payment
Q65. Presentment of a negotiable instrument is made for two purposes which are for acceptance and for _________
a. maturity
b. holder
c. protest
Answer
a. maturity
Q66. The effect of dishonour of a negotiable instrument whether by non-acceptance or nonpayment is to render the drawer and all the endorsers liable to the_________
a. holder
b. protest
c. open
Answer
a. holder
Q67. The _________.is the formal notarial certificate attesting the dishonour of the bill and based upon the noting.
a. protest
b. open
c. Special
Answer
a. protest
Q68. A cheque that is not crossed is a called an _________cheque.
a. open
b. Special
c. maturity
Answer
a. open
Q69. _________Crossing implies the specification of the name of the banker on the face of the cheque.
a. Special
b. maturity
c. electronic image
Answer
a. Special
Q70. It is necessary that a payment to constitute a payment in due course should be made at or after_________
a. maturity
b. electronic image
c. four
Answer
a. maturity
Q71. The provisions of the Information Technology Act, 2000 are made applicable to Negotiable Instruments Act in relation to _________of a truncated cheque
a. electronic image
b. four
c. made payable
Answer
a. electronic image
Q72. There are _________sections dealing with the international law concerning Negotiable Instruments.
a. four
b. made payable
c. bilateral
Answer
a. four
Q73. Where an instrument is made payable in a different country from that in which it is made or endorsed, the law of the country where it is _________determines what constitutes dishonour.
a. made payable
b. bilateral
c. money
Answer
a. made payable
Q74. A sale has to be _________because the property in goods has to pass from one person to another.
a. bilateral
b. money
c. Existing
Answer
a. bilateral
Q75. The consideration in a contract of sale has necessarily to be _________
a. money
b. Existing
c. Future
Answer
a. money
Q76. _________goods are those which are owned or possessed by the seller at the time of the contract
a. Existing
b. Future
c. conditions
Answer
a. Existing
Q77. _________.goods means goods to be manufactured or produced or acquired by the seller after making the contract of sale.
a. Future
b. conditions
c. time
Answer
a. Future
Q78. Stipulations that may be intended by the parties to be of a fundamental nature are called _________
a. conditions
b. time
c. specific
Answer
a. conditions
Q79. Stipulation as to time for delivery of goods is considered to be essence of _________
a. time
b. specific
c. owner
Answer
a. time
