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 an

Related MCQs

• Which of the following 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
• Under Section 118 of the Negotiable Instruments Act, 1881, it is presumed, until the contrary is proved, that every transfer of a negotiable instrument was made:
• Every instrument payable otherwise than on demand is entitled to_____days of grace period
• Inchoate instrument is
• The term ‘Negotiable Instrument’ is defined in the Negotiable Instruments Act, 1881, under Section.
• In an auction sale, the property shall be sold to be
• The Sale of Goods Act, 1930 governs the transfer of property in
• Property in the goods in the Sale of Goods Act, 1930 means
• Sections 4 and 5 of the Ind ian Contract Act provide for c ommunication of offer and acceptance and revocation thereof. In this relation, which one of the fo llowing is not correct?