Unit 5 

Chapter 1

Negotiable Instruments and Its Characteristics 

āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞি āφ⧰ু āχāϝ়াā§° āĻŦৈāĻļিāώ্āϟāϏāĻŽূāĻš 

Questions

āĻĒ্ā§°āĻļ্āύāϏāĻŽূāĻš

MULTIPLE CHOICE QUESTIONS

āĻāĻ•াāϧিāĻ• āĻŦিāĻ•āϞ্āĻĒāĻĒ্ā§°āĻļ্āύ 1. Negotiable Instruments Act deals with:

1. āύেāĻ—োāϚিāϝ়েāĻŦāϞ āχāύāώ্āϟ্ā§°ুāĻŽেāĻŖ্āϟāφāχāύ⧰ āϏৈāϤে āϏāĻŽ্āĻĒā§°্āĻ•িāϤ:

(a) Promissory Notes (b) Bill of Exchnage

(c) Cheques (d) All of the above

(āĻ•) āĻĒ্ā§°āĻŽিāϛ⧰ী āύোāϟāϚ (āĻ–) āĻŦিāϞ āĻ…āĻĢ āĻāĻ•্āϏāϚেāύেāϜ

(āĻ—) āϚেāĻ• (āϘ) āĻ“āĻĒā§°োāĻ•্āϤ āϏāĻ•āϞোāĻŦোā§°

Ans: (d) All of the above

āωāϤ্āϤ⧰: (āϘ) āĻ“āĻĒā§°ā§° āϏāĻ•āϞোāĻŦোā§°


2. Negotiable instruments can be transferred by :

2. āύেāĻ—োāϚিāϝ়েāĻŦāϞ āϏঁāϜুāϞিāĻŦোā§° āĻāχāĻŦোā§°ā§° āĻĻ্āĻŦাā§°া āϏ্āĻĨাāύাāύ্āϤ⧰ āϕ⧰িāĻŦ āĻĒাā§°ি:

(a) Delivery (b) Endorsement & Delivery (c) Both a and b (d) None of the above

(āĻ•) āĻĄেāϞিāĻ­াā§°ী (āĻ–) āĻāĻŖ্āĻĄোā§°্āϚāĻŽেāĻŖ্āϟ āφ⧰ু āĻĄেāϞিāĻ­াā§°ী

(āĻ—) āĻ• āφ⧰ু āĻ– (āϘ) āĻ“āĻĒā§°ā§° āĻ•োāύোāϟোā§ąেāχ āύāĻšāϝ়

Ans: (c) Both a and b

āωāϤ্āϤ⧰: (āĻ—) āĻ• āφ⧰ু āĻ– āĻĻুāϝ়োāϟা  


FILL IN THE BLANKS

āĻ–াāϞী āĻ াāχāĻŦোā§° āĻĒূā§°āĻŖ āϕ⧰āĻ•

1. Every holder of a negotiable instrument can legally transfer right to........... [possession/ownership]

1. āĻāϟা āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞিā§° āĻĒ্ā§°āϤিāϜāύ āϧাā§°āĻ•ে āφāχāύীāĻ­াā§ąে āĻ…āϧিāĻ•াā§° ... [āĻĻāĻ–āϞ/āĻŽাāϞিāĻ•াāύা]

Ans: (1) ownership

āωāϤ্āϤ⧰: (1) āĻŽাāϞিāĻ•ীāϏ্āĻŦāϤ্āĻŦ


2.............instruments can be transferred by delivery only. [Order/Bearer]

2. ............ āϏঁāϜুāϞিāĻŦোā§° āĻ•েā§ąāϞ āĻŦিāϤ⧰āĻŖā§° āĻĻ্āĻŦাā§°া āϏ্āĻĨাāύাāύ্āϤ⧰ āϕ⧰িāĻŦ āĻĒাā§°ি। [āĻ…ā§°্āĻĄাā§°/āĻŦেāϝ়াā§°]

Ans: (2) Bearer

āωāϤ্āϤ⧰: (2) āĻŦাāĻšāĻ• 


3. Negotiability of negotiable instruments means............ [transferability/bargaining]

3. āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞিā§° āύেāĻ—োāϟিāĻŦিāϞিāϟিā§° āĻ…ā§°্āĻĨ āĻšৈāĻ›ে ....... [āϏ্āĻĨাāύাāύ্āϤ⧰āϝোāĻ—্āϝāϤা/āĻĻā§°āĻĻাāĻŽ]

Ans: (3) transferability

āωāϤ্āϤ⧰: (3) āϏ্āĻĨাāύাāύ্āϤ⧰āϝোāĻ—্āϝāϤা


4. A negotiable instrument must be ............. [unconditional/conditional]

4. āĻāϟা āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞি āĻš'āĻŦ āϞাāĻ—িāĻŦ ....... [āϚ⧰্āϤāĻšীāύ/āϚ⧰্āϤāϏাāĻĒেāĻ•্āώ]

Ans: (4) unconditional

āωāϤ্āϤ⧰: (4) āϚ⧰্āϤāĻšীāύ


SHORT QUESTIONS

āϚāĻŽু āĻĒ্ā§°āĻļ্āύ

1. Define a negotiable instrument.

1. āĻāϟা āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞি āύিā§°্āϧাā§°āĻŖ āϕ⧰āĻ•। 

Ans:


2. What is an order instrument and bearer instrument?

2. āĻ…ā§°্āĻĄাā§° āϏঁāϜুāϞি āφ⧰ু āĻŦাāĻšāĻ• āϏঁāϜুāϞি āĻ•ি?

Ans:


3. What are the two modes of transfer of negotiable instrument?

3. āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞি āϏ্āĻĨাāύাāύ্āϤ⧰⧰ āĻĻুāϟা āĻĒāĻĻ্āϧāϤি āĻ•ি?

Ans:


4. Explain briefly :

4. āϚāĻŽুāĻ•ৈ āĻŦā§°্āĻŖāύা āϕ⧰āĻ•: (1) Transfer by delivery (ii) Transfer by endorsement and delivery.

(1) āĻĄেāϞিāĻ­াā§°ী āĻ…āύুāϏ⧰ি āϏ্āĻĨাāύাāύ্āϤ⧰

(2) (āφāχāφāχ) āĻāĻŖ্āĻĄোā§°্āϚāĻŽেāĻŖ্āϟ āφ⧰ু 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. āϟ্ā§°েāύ্āϏāĻĢাā§°ā§° āĻļীā§°্āώāĻ•āϟো āϤ্ā§°ুāϟিāĻĒূā§°্āĻŖ āĻš'āϞেāĻ“ āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞি āĻāϟাā§° āϧাā§°āĻ•ে āĻāϟা āĻ­াāϞ āĻļিā§°োāύাāĻŽ āϞাāĻ­ āϕ⧰ে āύেāĻ•ি? āωāĻĻাāĻšā§°āĻŖ āĻāϟাā§°ে āĻŦā§°্āĻŖāύা āϕ⧰āĻ•।

Ans:

6. What are the presumptions applicable to all negotiable instruments U/S 118 and 119 ?

6. āφāĻŽেā§°িāĻ•া āϝুāĻ•্āϤ⧰াāϜ্āϝ 118 āφ⧰ু 119 ā§° āϏāĻ•āϞো āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞিā§° āĻŦাāĻŦে āĻ•ি āĻ•ি āϧাā§°āĻŖা āĻĒ্ā§°āϝোāϜ্āϝ?

Ans:

LONG QUESTINONS

āĻĻীāϘāϞীāϝ়া āĻ•োā§ąেāώ্āϟিāύ

1. What is a negotiable instrument? Explain the characteristics of a negotiable instrument.

1. āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞি āĻ•ি? āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞি āĻāϟাā§° āĻŦিāĻļেāώāϤ্āĻŦāĻŦোā§° āĻŦā§°্āĻŖāύা āϕ⧰āĻ•। 

Ans:


2. "Presumptions under the Negotiable Instruments Act, 1881 are valid under all circumstances". Comment.

2. "āύেāĻ—োāϚিāϝ়েāĻŦāϞ āχāύāώ্āϟ্ā§°ুāĻŽেāĻŖ্āϟ āĻāĻ•্āϟ, 1881-ā§° āĻ…āϧীāύāϤ āϧাā§°āĻŖাāĻŦোā§° āϏāĻ•āϞো āĻĒā§°িāϏ্āĻĨিāϤিāϤ āĻŦৈāϧ"। āĻŽāύ্āϤāĻŦ্āϝ।

Ans:


3. What are the presumptions applicable to all Negotiable instruments?

3. āϏāĻ•āϞো āύেāĻ—োāϚিāϝ়েāĻŦāϞ āϏঁāϜুāϞিā§° āĻŦাāĻŦে āĻ•ি āĻ•ি āϧাā§°āĻŖা āĻĒ্ā§°āϝোāϜ্āϝ? Ans:


Post Id: DABP003559