AIBE XII — June 2018 — Q.100 (Negotiable Instruments Act, 1881)

Share Q.100:

Q.100

Contract, Specific Relief, Property & NI Act Medium Act + Section Given

Bare Act Negotiable Instruments Act, 1881 · Section 138

What is main objective of Section 138 of Negotiable Instruments Act?

A Recovery of stolen property

B Recovery of seized vehicles from RTO

✓ Recovery of the cheque amount in case cheque issued by the payer is bounced Answer

D None of the above

📋

Explanation & Strategy

Click any section to expand · only one open at a time

Section 138 NI Act's main objective is recovery of cheque amounts when cheques are dishonoured due to insufficient funds. It creates a criminal liability (imprisonment up to 2 years + fine up to twice the cheque amount) to discourage issuing bad cheques.

1 Look up the referenced provision in Negotiable Instruments Act, 1881 to verify the answer.

At a Glance

Subject Contract, Specific Relief, Property & NI Act

Difficulty Medium

Act Negotiable Instruments Act, 1881

Section Section 138

Answer (C) Act + Section Given

Paper AIBE XII — June 2018

Navigation

← Q.99 ☰ All Questions

🎯 Mock Test

Progress in Paper

Q.100 100 questions

100% through paper

📖 Open Book — Reading Mode Negotiable Instruments Act, 1881 ↗ New Tab

📄

Mobile browsers only show page 1 of a PDF in-panel.
Open in a new tab to read all pages.

Open Negotiable Instruments Act, 1881 →