AIBE XIV — September 2019 — Q.100 (Negotiable Instruments Act, 1881)

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Q.100

Contract, Specific Relief, Property & NI Act Medium Knowledge-Based

Bare Act Negotiable Instruments Act, 1881 · Section 8

Term ‘holder’ include

A The payee

B The bearer

C The endorsed

✓ All of the above Answer

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The term 'holder' under the Negotiable Instruments Act includes: the payee (person to whom payment is made), the bearer (possessor of bearer instrument), and the endorsee (person to whom instrument is endorsed). All three are included in the definition.

At a Glance

Subject Contract, Specific Relief, Property & NI Act

Difficulty Medium

Act Negotiable Instruments Act, 1881

Section Section 8

Answer (D) Knowledge-Based

Paper AIBE XIV — September 2019

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