Multiple Choice Questions on A draws a cheque in favour of M a minor M endorses the same in favour of X The cheque is dishonoured........... for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

A draws a cheque in favour of M a minor M endorses the same in favour of X The cheque is dishonoured...........

Commercial and Business Laws Negotiable Instrument Act
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    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:

    M is liable to X

    Incorrect Answer

    X can proceed against A

    Correct Answer

    No one is liable in this case

    Incorrect Answer

    M can proceed against A

    Incorrect Answer
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    Explanation:

     X can proceed against A

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