KG2PG

Q1: 1. According to Section 78 of the Negotiable Instruments Act 1881, payment of a negotiable instrument should be made to

Q2: 2. A real-life problem scenario: If a cheque is issued in favor of Mr. John Smith, to whom should the payment be made according to Section 78 of the NI Act 1881?

Q3: 3. As per Section 78 of the NI Act 1881, if the payee of a promissory note is deceased, the payment should be made to

Q4: 4. In case of a lost cheque where the payee's name is mentioned, the payment should be made to

Q5: 5. A real-life problem scenario: If a bill of exchange is drawn in favor of a company, to whom should the payment be made as per Section 78 of the NI Act 1881?

Q6: 6. According to Section 78, if the payee of a promissory note is a minor, the payment should be made to

Q7: 7. In a situation where the payee's name on a cheque is misspelled but can be identified, the payment should be made to

Q8: 8. A real-life problem scenario: If a promissory note is made payable to "Cash," to whom should the payment be made according to Section 78 of the NI Act 1881?

Q9: 9. According to Section 78 of the NI Act 1881, if the payee is a partnership firm, the payment should be made to

Q10: 10. When a promissory note is made payable to a specific bank, the payment should be made to

Q11: 11. A real-life problem scenario: If a cheque is issued in favor of a deceased individual, to whom should the payment be made in accordance with Section 78 of the NI Act 1881?

Q12: 12. According to Section 78, if the payee is a trust or charitable organization, the payment should be made to

Q13: 13. In the case of a lost promissory note where the payee's name is known, the payment should be made to

Q14: 14. A real-life problem scenario: If a bill of exchange is payable to a minor, to whom should the payment be made as per Section 78 of the NI Act 1881?

Q15: 15. As per Section 78, if the payee is a fictitious or non-existing person, the payment should be made to

Q16: 16. According to Section 78 of the NI Act 1881, if the payee is a designated agent of a company, the payment should be made to

Q17: 17. When a promissory note is payable to a specific individual without mentioning a name, the payment should be made to

Q18: 18. A real-life problem scenario: If a cheque is issued in favor of a partnership firm, to whom should the payment be made according to Section 78 of the NI Act 1881?

Q19: 19. According to Section 78, if the payee is a minor, the payment should be made to

Q20: 20. In a case where the payee is a company and the company is dissolved, the payment should be made to

Q21: 21. A real-life problem scenario: If a promissory note is drawn in favor of a minor, to whom should the payment be made in accordance with Section 78 of the NI Act 1881?

Q22: 22. According to Section 78, if the payee is a mentally incapacitated person, the payment should be made to

Q23: 23. When a bill of exchange is payable to a bearer, the payment should be made to

Q24: 24. As per Section 78 of the NI Act 1881, if the payee is a deceased individual with no legal heir, the payment should be made to

Q25: 25. A real-life problem scenario: If a cheque is issued in favor of a trust, to whom should the payment be made according to Section 78 of the NI Act 1881?

Score Summary