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Q. |
Under the Negotiable Instruments Act, 1881, whether acceptance of a bill of exchange in the following situation shall be treated as qualified acceptance where the acceptor |
A. | undertakes to pay only `10,000 for a bill drawn for `15,000. |
B. | declares the payment to be independent of any other event. |
C. | writes, ‘Accepted, payable at ABC Bank’. |
D. | writes, ‘Accepted, payable at Delhi’. |
Answer» A. undertakes to pay only `10,000 for a bill drawn for `15,000. |
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