alleryStart learning →A negotiable instrument may be made payable to two or more payees:
AOnly to a partner
BOnly jointly named
CJointly or alternatively
DOnly to one person
Answer & Solution
Correct answer: C. Jointly or alternatively
Section 13(2) lets an instrument name several payees jointly, or in the alternative to one or some of them.
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Related questions
The Negotiable Instruments Act was passed as Act No. 26 of the year:The 2002 amendment of the Act inserted new sections numbered:Criminal liability for cheque dishonour entered the Act through an amendment of:Interim compensation in cheque dishonour cases was added by the Act of:Interim compensation under Section 143A must ordinarily be paid within:Interim compensation under Section 143A cannot exceed what share of the cheque?Cheque dishonour trials under the Act should aim to end within:Which court may try a Section 138 offence?