Signing an instrument, other than as maker, for the purpose of negotiation is:
AIndorsement
BProtest
CPresentment
DAcceptance
Answer & Solution
Correct answer: A. Indorsement
A signature by the maker or holder, otherwise than as maker, made for negotiation, is an indorsement under Section 15.
Keep practising Negotiable Instruments Act 1881
Browse all Negotiable Instruments Act 1881 questions for CA Foundation, or explore more Businesslaw topics.
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?