KG2PG

Q1: 1. What does the term "holder" refer to in the Negotiable Instruments Act 1881?

Q2: 2. In a real-life scenario, who would be considered the holder of a cheque?

Q3: 3. What rights does a holder of a negotiable instrument have under the Negotiable Instruments Act 1881?

Q4: 4. If a person finds a lost cheque on the street and cashes it, what is their legal status regarding the cheque?

Q5: 5. Which of the following actions would disqualify a person from being considered a holder of a negotiable instrument?

Q6: 6. In a scenario where a cheque is stolen and cashed by someone other than the intended recipient, who would be considered the holder?

Q7: 7. What is the significance of being recognized as a holder under the Negotiable Instruments Act 1881?

Q8: 8. If a cheque is made payable to "Cash" and is found by a random person who cashes it, who would be considered the holder?

Q9: 9. How does the concept of holder differ from the concept of payee in the Negotiable Instruments Act 1881?

Q10: 10. If a cheque is payable to a specific person but is endorsed to another party, who would be considered the holder?

Q11: 11. When does a person become a holder in due course under the Negotiable Instruments Act 1881?

Q12: 12. In a situation where a cheque is post-dated and is transferred to another party before the date, who would be considered the holder?

Q13: 13. If a cheque is crossed and is deposited in a bank for collection, who would be considered the holder?

Q14: 14. What responsibilities do holders have under the Negotiable Instruments Act 1881?

Q15: 15. If a bearer cheque is lost and found by someone who cashes it, who would be considered the holder?

Q16: 16. How does the concept of holder play a role in the negotiation of negotiable instruments?

Q17: 17. In a situation where a cheque is dishonored upon presentation, what rights does the holder have under the Act?

Q18: 18. If a person is in possession of a promissory note but is not the intended recipient, can they still be considered a holder under the Act?

Q19: 19. What happens if a holder of a negotiable instrument loses possession of the instrument?

Q20: 20. If a cheque is payable to a company and is endorsed by an authorized signatory, who would be considered the holder?

Q21: 21. What precautions should holders take to protect their rights under the Negotiable Instruments Act 1881?

Q22: 22. How does the concept of holder differ from the concept of holder in due course in the Act?

Q23: 23. If a cheque is payable to "Bearer" and is found by a random person who cashes it, who would be considered the holder?

Q24: 24. What actions can a holder take to transfer their rights in a negotiable instrument to another party?

Q25: 25. In a scenario where a promissory note is transferred from one person to another, who would be considered the holder?

Score Summary