Indian Business Law

MCQs on The Indian Contract Act, 1872 Part 1 Q.1:- The person making the proposal is called the and the person accepting the proposal is called : a).Proposor/ Proposee b).Promisee/ Promisor c).Promisor/Promisee d).Proposee/ Proposor Correct Option: C Q.2:- Every promise and every set of promises, forming the consideration for each other, is called as: a).A […]

The Negotiable Instruments Act, 1881 Question 1.Define a Bill of Exchange. In what respect does ¡t differ from a cheque. (May 1998, 6 marks)ORPoint out the differences between a Cheque” and a “Bill of Exchange” under the Negotiable Instruments Act, 1881. (May 2011, 8 marks)Apswer:According to Section 5 of the Negotiable Instruments Act, 1881, a […]