Home › CA Foundation › businesslaw › The Negotiable Instruments Act, 1881 › A 'foreign instrument' is:
A 'foreign instrument' is:
AAn instrument drawn in India payable in India
BAny instrument which is not an inland instrument
CAny instrument payable in India
DA cheque drawn on an Indian bank
Answer & Solution
Correct answer: B. Any instrument which is not an inland instrument
A foreign instrument is simply any negotiable instrument that does not satisfy the conditions of an inland instrument.
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