Multiple Choice Questions on A draws a bill on B B accepts the bill without any consideration The bill is transferred to C withou........... for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

A draws a bill on B B accepts the bill without any consideration The bill is transferred to C withou...........

Commercial and Business Laws Negotiable Instrument Act
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    A draws a bill on B. B accepts the bill without any consideration. The bill is transferred to C without consideration. C transferred it to D for value. Decide as per provisions of Negotiable Instruments Act, 1881-

     D can sue only A

    Incorrect Answer

    D can sue A or B only

    Incorrect Answer

    D can sue any of the parties A, B or C

    Correct Answer

    D cannot sue any of the parties A, B or C

    Incorrect Answer
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    Explanation:

    D can sue any of the parties A, B or C

    By: Parvesh Mehta
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