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Law Negotiable Instruments Act Difficulty: Medium

A draws a cheque in favour of M, a minor. M endorses the same in favour of X. The cheque is dishonoured by the bank on grounds of inadequate funds. As per the provisions of Negotiable Instruments Act, 1881:

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More Law Questions

Rules of intestate succession under the Indian Succession Act, 1925 do not apply to the properties of any: The words 'purport or operate' in section 17(1)(b), refers to A draws a cheque in favour of B, a minor. B endorses it in favour of C and C endorses in favour of D. The cheque is dishonoured. Which of the following is not correct about liabilities of the parties? Goods indicated by description and not specifically identified. Which of the following statements, as per provisions of the Indian Evidence Act, 1872, is not correct?