Multiple choice

As per the provisions of Section 93, when a cheque is dishoroured by non-acceptance or non-payment, the holder

  1. may or may not give notice to the parties whom the holder seeks to make liable thereon

  2. must give notice to the parties whom the holder seeks to make liable

  3. must give notice to the parties whom the holder seeks to make liable, but after noting

  4. must not give any notice to anyone
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

As per the provisions of Section 93 of the Negotiable Instrument Act, when a cheque is dishoroured by non-acceptance or non-payment, the holder must give notice to the parties whom the holder seeks to make liable.

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