Home › CA Foundation › businesslaw › The Negotiable Instruments Act, 1881 › An inland instrument that is subsequently indors…
An inland instrument that is subsequently indorsed in a foreign country:
ABecomes payable to bearer
BBecomes a foreign instrument
CBecomes void
DRemains an inland instrument
Answer & Solution
Correct answer: D. Remains an inland instrument
An instrument that is inland when made remains inland even if it is later indorsed in a foreign country.
Related questions
Under Section 117, an endorser who, being liable, has paid the amount due on a dishonouredUnder Section 64, promissory notes, bills and cheques must, in default of which the other Under Section 63, when a bill is presented to the drawee for acceptance, he may be allowedUnder Section 139, when a cheque is dishonoured, it is presumed (unless the contrary is prUnder Section 138, the cheque must have been presented to the bank within:For an offence under Section 138, the payee must give notice demanding payment within 30 dUnder Section 138, dishonour of a cheque for insufficiency of funds is punishable with impUnder Section 46, with respect to negotiation, delivery of the instrument is: