Multiple choice

No notice of dishonour is necessary

  1. when it is dispensed with by the party entitled thereto

  2. in order to charge the drawer when he has countermanded payment

  3. when the party charged could not suffer damage for want of notice

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Section 138 of the Negotiable Instrument Act deals with the dishonour of cheque for insufficiency, etc. of funds in the account. 

Keep practicing — related questions