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Sec. 6 of negotiable instruments Act 1880 deals with
Promissory Note
bill of exchange
Cheque
none of the above
- Option 1: Promissory Note
- It is a written promise to pay a certain sum of money on demand or at a future date.
- In the context of the Negotiable Instruments Act, a promissory note is a key financial instrument but is not addressed in Section 6.
- Option 2: Bill of Exchange
- It is an order by the drawer to the drawee to pay a specified sum to a third party.
- Like a promissory note, it’s significant under the Act but not covered in Section 6.
- Option 3: Cheque
- A cheque is a bill of exchange drawn on a specified banker and payable on demand.
- Section 6 of the Negotiable Instruments Act, 1881 (not 1880) defines a cheque.
- Correct Answer
- Option 4: None of the above
- Since a cheque is defined under Section 6, this option is incorrect.
By: santosh ProfileResourcesReport error
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