KG2PG

Q1: 1. What is the purpose of presentment for payment under Section 64 of the Negotiable Instruments Act 1881?

Q2: 2. How many days are allowed for presentment of a promissory note for payment under Section 64?

Q3: 3. Who can make the presentment for payment under Section 64 of the Negotiable Instruments Act 1881?

Q4: 4. In case of non-presentment for payment within the stipulated time, what happens to the liability of the parties involved?

Q5: 5. A promissory note is due for payment on a Sunday. When should the presentment for payment be made under Section 64?

Q6: 6. What happens if the person to whom the presentment for payment is made is absent or inaccessible?

Q7: 7. Who bears the responsibility for any charges or expenses incurred during the presentment for payment process?

Q8: 8. What is the consequence of a dishonored instrument due to non-presentment for payment?

Q9: 9. Under Section 64, what is the role of the drawee in the presentment for payment process?

Q10: 10. When is the time of presentment for payment considered to be reasonable under Section 64?

Q11: 11. If a promissory note is payable at a specific place, where should the presentment for payment be made according to Section 64?

Q12: 12. What action should the holder take if the drawee refuses to pay upon presentment under Section 64?

Q13: 13. How does the presentment for payment impact the negotiation of a negotiable instrument?

Q14: 14. In case the date of maturity falls on a public holiday, when should the presentment for payment be made?

Q15: 15. Can the presentment for payment be made through electronic means under Section 64?

Q16: 16. What action should the holder take if the drawee is declared bankrupt before the presentment for payment?

Q17: 17. How does the presentment for payment protect the rights of the holder under Section 64?

Q18: 18. What happens if the drawee refuses to acknowledge the presentment for payment under Section 64?

Q19: 19. Can a third party make the presentment for payment on behalf of the holder under Section 64?

Q20: 20. What is the significance of obtaining a receipt for the presentment for payment process under Section 64?

Q21: 21. If the holder fails to make the presentment for payment within the prescribed time, what options are available to the parties involved?

Q22: 22. What happens if the presentment for payment is made at a place other than the specified location on the instrument?

Q23: 23. How does the presentment for payment affect the transferability of a negotiable instrument under Section 64?

Q24: 24. In a scenario where the drawee is a company and the presentment for payment is made during non-business hours, what should the holder do?

Q25: 25. If the drawee is found to be insolvent during the presentment for payment process, what recourse does the holder have under Section 64?

Q26: 1. What is the purpose of presentment for payment in Negotiable Instruments Act 1881?

Q27: 2. When should presentment for payment be made under Section 64 of the Negotiable Instruments Act 1881?

Q28: 3. What happens if the holder fails to make a timely presentment for payment?

Q29: 4. Who is responsible for making presentment for payment under Section 64 of the Act?

Q30: 5. In a real-life scenario, if a promissory note is due for payment on a specific date, when should the holder present it for payment?

Q31: 6. What is the consequence of delayed presentment for payment under Section 64?

Q32: 7. Who can demand presentment for payment under the Negotiable Instruments Act 1881?

Q33: 8. What is the time frame within which presentment for payment should generally be made under Section 64?

Q34: 9. In a scenario where a cheque is dishonored due to lack of presentment, who is at fault?

Q35: 10. What is the significance of presentment for payment in the context of negotiable instruments?

Q36: 11. If a bill of exchange is payable on demand, when should presentment for payment be made?

Q37: 12. What is the main purpose of presentment for payment in negotiable instruments?

Q38: 13. In a real-life scenario, if a promissory note is payable at a specific place, where should the holder make presentment for payment?

Q39: 14. What happens if the holder fails to make presentment for payment on time?

Q40: 15. Who bears the responsibility of proving timely presentment for payment in case of a dispute?

Q41: 16. In the event of the death of the holder, who should make presentment for payment of a negotiable instrument?

Q42: 17. What is the consequence of not making presentment for payment in a timely manner?

Q43: 18. When is presentment for payment not required under Section 64?

Q44: 19. Who should be notified in case of non-payment upon presentment for payment?

Q45: 20. What is the consequence of making presentment for payment at the wrong place?

Q46: 21. In a scenario where a cheque is dishonored due to lack of presentment, who bears the loss?

Q47: 22. What is the consequence of failure to make presentment for payment in case of a promissory note?

Q48: 23. Who can make presentment for payment on behalf of the holder under Section 64?

Q49: 24. What should the holder do if the issuer refuses payment upon presentment?

Q50: 25. What is the time limit for making presentment for payment in case of a bill of exchange payable after sight?

Score Summary