When an instrument is drawn conditionally or for a special purpose as a collateral security and not for the purpose of transferring property therein, it is called

Related MCQs

• Which of these is not a negotiable instrument as per the Negotiable Instrument Act, 1881?
• If a minor draws, endorses, delivers or negotiates an instrument, such instrument binds
• A bill of exchange, that is drawn accepted or endorsed without consideration is called
• If the shareholders not less than _____ of the issued shares of class did not consent to the variation or vote in favor of the special resolution for the variation, such shareholders may apply to the Tribunal to have the variation cancelled.
• ____________ is not a negotiable instrument as per customs and usage.
• One of the following is not a negotiable instrument. Identify the same.
• K owns a residential flat in Chennai. He is entitled to quiet possession and enjoyment of his property. This is called –
• The first endorsement of an instrument can be made by the
• An instrument of the proxy shall be deposited with the registered office of the company before ____________ hours of the conduct of the meeting.
• A bearer instrument is negotiated by