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.
Keep practising Negotiableinstruments
Browse all Negotiableinstruments questions for CA Foundation, or explore more Businesslaw topics.
Related questions
CA Foundation · Businesslaw · Negotiable InstrumentsUnder Section 63, when a bill is presented to the drawee for acceptance, he may be allowedA 'foreign instrument' is:Under Sections 11-12, an 'inland instrument' is one drawn or made in India and:An 'order instrument' is negotiated by:In a cheque, the drawee is always:A bill of exchange has three parties, namely:A promissory note has how many parties?