Q1: 1. Who can make presentment on behalf of a deceased person under Section 75 of the Negotiable Instruments Act 1881?

• A) A) Legal heir
• B) B) Executor of the deceased's estate
• C) C) Both A and B
• D) D) None of the above

Q2: 2. Can an insolvent assignee make presentment under Section 75 of the Negotiable Instruments Act 1881?

• A) A) Yes, always
• B) B) No, never
• C) C) Only with court permission
• D) D) Only if the assignee is a relative

Q3: 3. In case of presentment by an agent of a deceased person, the agent must have authority from

• A) A) The deceased person's lawyer
• B) B) The court
• C) C) The legal heir or executor
• D) D) The bank

Q4: 4. What happens if presentment is made to an unauthorized agent of a deceased person?

• A) A) The instrument is deemed to be dishonored
• B) B) The agent is held personally liable for the payment
• C) C) The bank is responsible for the payment
• D) D) The instrument is considered valid

Q5: 5. Can a creditor of an insolvent assignee make presentment on behalf of the assignee under Section 75?

• A) A) Yes, always
• B) B) No, never
• C) C) Only with court permission
• D) D) Only if the creditor is a relative

Q6: 6. What is the consequence of making presentment to an unauthorized representative of an insolvent assignee?

• A) A) The instrument is considered valid
• B) B) The assignee is held liable for the payment
• C) C) The instrument is deemed to be dishonored
• D) D) The creditor is responsible for the payment

Q7: 7. Under Section 75, who can make presentment on behalf of an insolvent assignee without court permission?

• A) A) Creditor of the assignee
• B) B) Legal heir of the assignee
• C) C) Executor of the assignee's estate
• D) D) Bank representative

Q8: 8. If an agent presents a negotiable instrument on behalf of a deceased person without authority, what legal action can be taken?

• A) A) Criminal charges against the agent
• B) B) Civil lawsuit against the agent
• C) C) Revocation of the instrument
• D) D) No legal action can be taken

Q9: 9. Can an assignee's representative make presentment on behalf of the assignee if the assignee's estate is under dispute?

• A) A) Yes, always
• B) B) No, never
• C) C) Only with court permission
• D) D) Only if the assignee has multiple representatives

Q10: 10. What should a bank do if it receives a negotiable instrument for payment from an unauthorized agent of a deceased person?

• A) A) Honor the instrument
• B) B) Reject the instrument
• C) C) Seek clarification from the legal heir or executor
• D) D) Hold the payment until court decision

Q11: 11. In the case of presentment by an unauthorized agent of a deceased person, who is responsible for notifying the rightful representative?

• A) A) The bank
• B) B) The unauthorized agent
• C) C) The debtor
• D) D) The court

Q12: 12. Under Section 75, what is the role of the court in authorizing presentment by an insolvent assignee's representative?

• A) A) To determine the validity of the assignee's insolvency
• B) B) To ensure the representative has legal authority
• C) C) To appoint a new assignee
• D) D) To reject the negotiable instrument

Q13: 13. Can a third party with no relation to a deceased person make presentment on behalf of the deceased under Section 75?

• A) A) Yes, always
• B) B) No, never
• C) C) Only with court permission
• D) D) Only if appointed by the bank

Q14: 14. What action can an authorized agent of a deceased person take if the bank refuses to honor the negotiable instrument?

• A) A) File a complaint with the police
• B) B) File a civil lawsuit against the bank
• C) C) Accept the bank's decision
• D) D) Seek court intervention

Q15: 15. If an insolvent assignee's representative fails to obtain court permission for presentment, what legal consequences may arise?

• A) A) The instrument is considered dishonored
• B) B) The assignee is held personally liable
• C) C) The representative is fined
• D) D) The bank must honor the instrument

Q16: 16. What documentation is required for an agent or representative to make presentment on behalf of a deceased person or insolvent assignee?

• A) A) Death certificate or insolvency declaration
• B) B) Power of attorney or court order
• C) C) Bank statement
• D) D) Reference letter

Q17: 17. In a real-life scenario, if a bank mistakenly accepts presentment by an unauthorized agent of a deceased person, who bears the financial loss?

• A) A) The bank
• B) B) The deceased person's estate
• C) C) The unauthorized agent
• D) D) The bank customer

Q18: 18. How can a creditor of an insolvent assignee ensure their right to make presentment under Section 75?

• A) A) Obtain a court order
• B) B) Obtain a power of attorney from the assignee
• C) C) Notify the bank in writing
• D) D) Seek approval from the deceased person's legal heir

Q19: 19. If an agent of a deceased person makes presentment without any documentation, what should the bank do?

• A) A) Honor the instrument
• B) B) Reject the instrument
• C) C) Hold the payment until documentation is provided
• D) D) Seek approval from the assignee

Q20: 20. Can a legal heir of an insolvent assignee make presentment without court permission?

• A) A) Yes, always
• B) B) No, never
• C) C) Only if authorized by the deceased person
• D) D) Only with court permission

Q21: 21. What recourse does an authorized agent of a deceased person have if the bank refuses to accept the negotiable instrument?

• A) A) Seek intervention from the police
• B) B) File a complaint with the court
• C) C) Appeal to the banking ombudsman
• D) D) Accept the bank's decision

Q22: 22. If an assignee's representative presents a negotiable instrument without proper authorization, what legal action can be taken against the representative?

• A) A) Criminal charges
• B) B) Civil lawsuit
• C) C) Fine imposed by the bank
• D) D) Revocation of the instrument

Q23: 23. In a case of presentment by a deceased person's legal heir, what documentation is essential to prove authority?

• A) A) Death certificate
• B) B) Will of the deceased
• C) C) Succession certificate
• D) D) Bank statement

Q24: 24. Can a bank reject a negotiable instrument presented by a court-appointed agent of an insolvent assignee?

• A) A) Yes, always
• B) B) No, never
• C) C) Only if the court order is invalid
• D) D) Only with a second opinion from the assignee

Q25: 25. What steps should a bank take if it receives conflicting claims for presentment on behalf of a deceased person or insolvent assignee?

• A) A) Reject the instrument
• B) B) Hold the payment until resolution
• C) C) Accept the claim with the earliest timestamp
• D) D) Seek approval from the court

Q26: 1. Who can make a valid presentment under Section 75 of the Negotiable Instruments Act 1881?

• A) A) Only the payee
• B) B) Agent of the payee
• C) C) Representative of a deceased person
• D) D) All of the above

Q27: 2. In the scenario where the payee has passed away, who can act as the representative for presentment under Section 75?

• A) A) Legal heir
• B) B) Executor of the will
• C) C) Assignee of the insolvent
• D) D) All of the above

Q28: 3. Can an assignee of an insolvent make a valid presentment under Section 75 of the Negotiable Instruments Act 1881?

• A) A) Yes, if authorized by the court
• B) B) No, only the payee can make presentment
• C) C) Yes, without any restrictions
• D) D) No, only a legal heir can make presentment

Q29: 4. What role does an agent play in making presentment under Section 75 of the Negotiable Instruments Act 1881?

• A) A) Acts on behalf of the payee
• B) B) Represents the interests of the payee
• C) C) Has legal authority to make presentment
• D) D) All of the above

Q30: 5. When can an assignee of an insolvent make presentment under Section 75?

• A) A) Only after obtaining a court order
• B) B) Immediately upon becoming the assignee
• C) C) Only if the payee is declared bankrupt
• D) D) Never, assignees cannot make presentments

Q31: 6. In a real-life scenario, if the payee is deceased and has not appointed a representative, who can make presentment under Section 75?

• A) A) Executor of the will
• B) B) Legal heir
• C) C) Neighbor of the deceased
• D) D) None of the above

Q32: 7. Can a representative of a deceased person make presentment without any legal documentation?

• A) A) Yes, as long as they have a letter of authorization
• B) B) No, legal documentation is required
• C) C) Yes, if two witnesses are present
• D) D) No, only the court can authorize the representative

Q33: 8. How does the concept of presentment by an agent differ from presentment by an assignee of an insolvent?

• A) A) An agent requires court authorization
• B) B) An assignee requires a letter of authorization
• C) C) An agent acts on behalf of the payee while an assignee has legal rights
• D) D) An assignee can make presentment for any amount

Q34: 9. If an assignee of an insolvent makes a presentment without court authorization, what could be the consequences?

• A) A) The instrument becomes void
• B) B) The payee is required to make a new presentment
• C) C) The assignee may face legal penalties
• D) D) The payee's estate is liable for the amount

Q35: 10. In a situation where the payee is declared bankrupt, who can make presentment under Section 75?

• A) A) Creditors of the payee
• B) B) Assignee of the insolvent
• C) C) Legal guardian of the payee
• D) D) Only the court receiver

Q36: 11. Can a representative of a deceased person make presentment on behalf of multiple payees?

• A) A) Yes, if authorized by all legal heirs
• B) B) No, only one representative per payee is allowed
• C) C) Yes, if appointed by the court
• D) D) No, multiple representatives are not allowed

Q37: 12. What documentation is typically required for an agent to make presentment under Section 75?

• A) A) Letter of authorization from the payee
• B) B) Court order appointing the agent
• C) C) Proof of identification of the agent
• D) D) Power of attorney from the payee

Q38: 13. In a case where the assignee of an insolvent is unable to make presentment, who can act on their behalf?

• A) A) Legal counsel of the assignee
• B) B) Court-appointed receiver
• C) C) Any family member of the assignee
• D) D) No one, the assignee must make the presentment personally

Q39: 14. How does the concept of presentment by a legal guardian differ from presentment by an agent?

• A) A) Legal guardian requires court approval
• B) B) Agent acts on behalf of the payee, while a legal guardian acts on behalf of the minor payee
• C) C) Legal guardian can make presentment only for small amounts
• D) D) Agent can make presentment for any negotiable instrument

Q40: 15. If a representative of a deceased person makes a presentment without proper authority, what could happen to the negotiable instrument?

• A) A) It becomes void
• B) B) It remains valid but requires re-presentment by a legal representative
• C) C) It is considered paid in full
• D) D) The amount is forfeited to the bank

Q41: 16. In a scenario where the assignee of an insolvent cannot make presentment due to illness, who can make the presentment on their behalf?

• A) A) Any family member
• B) B) Legal counsel of the assignee
• C) C) Court-appointed receiver
• D) D) No one, presentment must be done in person

Q42: 17. Can a company acting as an agent for the payee make presentment under Section 75?

• A) A) Yes, with a board resolution authorizing the action
• B) B) No, only individuals can make presentment
• C) C) Yes, if the company is a legal heir of the payee
• D) D) No, companies are not allowed to make presentments

Q43: 18. What steps should an assignee of an insolvent take before making presentment under Section 75?

• A) A) Inform all creditors of the insolvent
• B) B) Obtain court authorization
• C) C) Notify the bank of the presentment
• D) D) Seek approval from the payee's legal counsel

Q44: 19. If an agent makes a presentment on behalf of the payee without proper authorization, what legal consequences may arise?

• A) A) The agent may be held personally liable for the amount
• B) B) The payee's estate is responsible for the payment
• C) C) The bank is required to honor the presentment
• D) D) The negotiable instrument becomes void

Q45: 20. Can a representative of a deceased person make presentment on behalf of a minor beneficiary?

• A) A) Yes, with court approval
• B) B) No, only a legal guardian can act on behalf of a minor
• C) C) Yes, if the minor is the legal heir of the deceased
• D) D) No, minors cannot be beneficiaries of negotiable instruments

Q46: 21. If a representative of a deceased person makes a presentment and the bank refuses payment, what recourse is available?

• A) A) File a lawsuit against the bank
• B) B) Seek court intervention for enforcement
• C) C) Re-present the negotiable instrument with proper documentation
• D) D) Notify the police for non-compliance

Q47: 22. What is the role of a legal heir in the presentment process under Section 75?

• A) A) To notify all creditors of the deceased
• B) B) To represent the deceased payee in making presentment
• C) C) To distribute the funds received from the presentment
• D) D) To seek court approval for every presentment

Q48: 23. Can a representative of a deceased person make presentment if the estate is still in probate?

• A) A) Yes, with permission from the probate court
• B) B) No, presentment is not allowed during probate
• C) C) Yes, if all beneficiaries agree to the presentment
• D) D) No, only the executor of the will can make presentment

Q49: 24. In a case where the assignee of an insolvent is out of the country, who can make presentment on their behalf?

• A) A) Legal counsel of the assignee
• B) B) Any family member
• C) C) Authorized representative with a power of attorney
• D) D) No one, the assignee must be physically present for presentment

Q50: 25. If a representative of a deceased person makes a presentment and the bank disputes the validity, what should the representative do?

• A) A) Accept the bank's decision and forfeit the amount
• B) B) Provide additional documentation to prove authority
• C) C) Seek intervention from the police
• D) D) None of the above