alleryStart learning →If a bill is lost before it is overdue, the holder may ask the drawer for:
AA cash refund
BA notarial copy
CA duplicate bill
DA fresh maturity
Answer & Solution
Correct answer: C. A duplicate bill
Section 45A lets the holder of a lost, not yet overdue bill ask the drawer for another of the same tenor, giving security if required.
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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?