Multiple choice

The provision for making the payment of amount mentioned in words in a cheque is described under Section ______ of the NI Act.

  1. 18

  2. 19

  3. 20

  4. 21

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

(1) Section 18 of the Negotiable Instrument Act states provisions that if the amount undertaken or ordered to be paid is stated differently in figures and in words, then the amount stated in words shall be the amount undertaken or ordered to be paid.