Unit 5
Chapter 1
Negotiable Instruments and Its Characteristics
āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞি āĻā§°ু āĻāϝ়াā§° āĻŦৈāĻļিāώ্āĻāϏāĻŽূāĻš
Questions
āĻĒ্ā§°āĻļ্āύāϏāĻŽূāĻš
MULTIPLE CHOICE QUESTIONS
āĻāĻাāϧিāĻ āĻŦিāĻāϞ্āĻĒāĻĒ্ā§°āĻļ্āύ 1. Negotiable Instruments Act deals with:
1. āύেāĻোāĻিāϝ়েāĻŦāϞ āĻāύāώ্āĻ্ā§°ুāĻŽেāĻŖ্āĻāĻāĻāύ⧰ āϏৈāϤে āϏāĻŽ্āĻĒā§°্āĻিāϤ:
(a) Promissory Notes (b) Bill of Exchnage
(c) Cheques (d) All of the above
(āĻ) āĻĒ্ā§°āĻŽিāĻā§°ী āύোāĻāĻ (āĻ) āĻŦিāϞ āĻ āĻĢ āĻāĻ্āϏāĻেāύেāĻ
(āĻ) āĻেāĻ (āĻ) āĻāĻĒā§°োāĻ্āϤ āϏāĻāϞোāĻŦোā§°
Ans: (d) All of the above
āĻāϤ্āϤ⧰: (āĻ) āĻāĻĒā§°ā§° āϏāĻāϞোāĻŦোā§°
2. Negotiable instruments can be transferred by :
2. āύেāĻোāĻিāϝ়েāĻŦāϞ āϏঁāĻুāϞিāĻŦোā§° āĻāĻāĻŦোā§°ā§° āĻĻ্āĻŦাā§°া āϏ্āĻĨাāύাāύ্āϤ⧰ āĻā§°িāĻŦ āĻĒাā§°ি:
(a) Delivery (b) Endorsement & Delivery (c) Both a and b (d) None of the above
(āĻ) āĻĄেāϞিāĻাā§°ী (āĻ) āĻāĻŖ্āĻĄোā§°্āĻāĻŽেāĻŖ্āĻ āĻā§°ু āĻĄেāϞিāĻাā§°ী
(āĻ) āĻ āĻā§°ু āĻ (āĻ) āĻāĻĒā§°ā§° āĻোāύোāĻোā§ąেāĻ āύāĻšāϝ়
Ans: (c) Both a and b
āĻāϤ্āϤ⧰: (āĻ) āĻ āĻā§°ু āĻ āĻĻুāϝ়োāĻা
FILL IN THE BLANKS
āĻাāϞী āĻ াāĻāĻŦোā§° āĻĒূā§°āĻŖ āĻā§°āĻ
1. Every holder of a negotiable instrument can legally transfer right to........... [possession/ownership]
1. āĻāĻা āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞিā§° āĻĒ্ā§°āϤিāĻāύ āϧাā§°āĻে āĻāĻāύীāĻাā§ąে āĻ āϧিāĻাā§° ... [āĻĻāĻāϞ/āĻŽাāϞিāĻাāύা]
Ans: (1) ownership
āĻāϤ্āϤ⧰: (1) āĻŽাāϞিāĻীāϏ্āĻŦāϤ্āĻŦ
2.............instruments can be transferred by delivery only. [Order/Bearer]
2. ............ āϏঁāĻুāϞিāĻŦোā§° āĻেā§ąāϞ āĻŦিāϤ⧰āĻŖā§° āĻĻ্āĻŦাā§°া āϏ্āĻĨাāύাāύ্āϤ⧰ āĻā§°িāĻŦ āĻĒাā§°ি। [āĻ ā§°্āĻĄাā§°/āĻŦেāϝ়াā§°]
Ans: (2) Bearer
āĻāϤ্āϤ⧰: (2) āĻŦাāĻšāĻ
3. Negotiability of negotiable instruments means............ [transferability/bargaining]
3. āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞিā§° āύেāĻোāĻিāĻŦিāϞিāĻিā§° āĻ ā§°্āĻĨ āĻšৈāĻে ....... [āϏ্āĻĨাāύাāύ্āϤ⧰āϝোāĻ্āϝāϤা/āĻĻā§°āĻĻাāĻŽ]
Ans: (3) transferability
āĻāϤ্āϤ⧰: (3) āϏ্āĻĨাāύাāύ্āϤ⧰āϝোāĻ্āϝāϤা
4. A negotiable instrument must be ............. [unconditional/conditional]
4. āĻāĻা āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞি āĻš'āĻŦ āϞাāĻিāĻŦ ....... [āĻā§°্āϤāĻšীāύ/āĻā§°্āϤāϏাāĻĒেāĻ্āώ]
Ans: (4) unconditional
āĻāϤ্āϤ⧰: (4) āĻā§°্āϤāĻšীāύ
SHORT QUESTIONS
āĻāĻŽু āĻĒ্ā§°āĻļ্āύ
1. Define a negotiable instrument.
1. āĻāĻা āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞি āύিā§°্āϧাā§°āĻŖ āĻā§°āĻ।
Ans:
2. What is an order instrument and bearer instrument?
2. āĻ ā§°্āĻĄাā§° āϏঁāĻুāϞি āĻā§°ু āĻŦাāĻšāĻ āϏঁāĻুāϞি āĻি?
Ans:
3. What are the two modes of transfer of negotiable instrument?
3. āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞি āϏ্āĻĨাāύাāύ্āϤ⧰⧰ āĻĻুāĻা āĻĒāĻĻ্āϧāϤি āĻি?
Ans:
4. Explain briefly :
4. āĻāĻŽুāĻৈ āĻŦā§°্āĻŖāύা āĻā§°āĻ: (1) Transfer by delivery (ii) Transfer by endorsement and delivery.
(1) āĻĄেāϞিāĻাā§°ী āĻ āύুāϏ⧰ি āϏ্āĻĨাāύাāύ্āϤ⧰
(2) (āĻāĻāĻāĻ) āĻāĻŖ্āĻĄোā§°্āĻāĻŽেāĻŖ্āĻ āĻā§°ু āĻĄেāϞিāĻাā§°ীā§° āĻĻ্āĻŦাā§°া āϏ্āĻĨাāύাāύ্āϤ⧰।
Ans:
5. Does the holder of a negotiable instrument get a good title even though the title of the transferor is defective? Illustrate with an example.
5. āĻ্ā§°েāύ্āϏāĻĢাā§°ā§° āĻļীā§°্āώāĻāĻো āϤ্ā§°ুāĻিāĻĒূā§°্āĻŖ āĻš'āϞেāĻ āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞি āĻāĻাā§° āϧাā§°āĻে āĻāĻা āĻাāϞ āĻļিā§°োāύাāĻŽ āϞাāĻ āĻā§°ে āύেāĻি? āĻāĻĻাāĻšā§°āĻŖ āĻāĻাā§°ে āĻŦā§°্āĻŖāύা āĻā§°āĻ।
Ans:
6. What are the presumptions applicable to all negotiable instruments U/S 118 and 119 ?
6. āĻāĻŽেā§°িāĻা āϝুāĻ্āϤ⧰াāĻ্āϝ 118 āĻā§°ু 119 ā§° āϏāĻāϞো āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞিā§° āĻŦাāĻŦে āĻি āĻি āϧাā§°āĻŖা āĻĒ্ā§°āϝোāĻ্āϝ?
Ans:
LONG QUESTINONS
āĻĻীāĻāϞীāϝ়া āĻোā§ąেāώ্āĻিāύ
1. What is a negotiable instrument? Explain the characteristics of a negotiable instrument.
1. āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞি āĻি? āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞি āĻāĻাā§° āĻŦিāĻļেāώāϤ্āĻŦāĻŦোā§° āĻŦā§°্āĻŖāύা āĻā§°āĻ।
Ans:
2. "Presumptions under the Negotiable Instruments Act, 1881 are valid under all circumstances". Comment.
2. "āύেāĻোāĻিāϝ়েāĻŦāϞ āĻāύāώ্āĻ্ā§°ুāĻŽেāĻŖ্āĻ āĻāĻ্āĻ, 1881-ā§° āĻ āϧীāύāϤ āϧাā§°āĻŖাāĻŦোā§° āϏāĻāϞো āĻĒā§°িāϏ্āĻĨিāϤিāϤ āĻŦৈāϧ"। āĻŽāύ্āϤāĻŦ্āϝ।
Ans:
3. What are the presumptions applicable to all Negotiable instruments?
3. āϏāĻāϞো āύেāĻোāĻিāϝ়েāĻŦāϞ āϏঁāĻুāϞিā§° āĻŦাāĻŦে āĻি āĻি āϧাā§°āĻŖা āĻĒ্ā§°āϝোāĻ্āϝ? Ans:
Post Id: DABP003559