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CSEET · Business Laws and Management · Elements of Law relating to Negotiable Instruments

Match the section with its subject. (1) Section 13 (2) Section 53 (3) Section 130 (4) Section 136. (P) Holder deriving title from holder in due course (Q) Definition of negotiable instrument (R) Cheque bearing 'not negotiable' (S) Instrument made outside India in accordance with Indian law.

The correct matching is Section 13 with the definition of a negotiable instrument, Section 53 with a holder deriving title from a holder in due course, Section 130 with a cheque marked not negotiable, and Section 136 with instruments made outside India in accordance with Indian law.

  1. A1-Q, 2-P, 3-R, 4-SCorrect
  2. B1-P, 2-Q, 3-R, 4-S
  3. C1-Q, 2-P, 3-S, 4-R
  4. D1-R, 2-P, 3-Q, 4-S

Explanation

Section 13 defines a negotiable instrument, Section 53 gives a holder deriving title from a holder in due course that holder's rights, Section 130 deals with a 'not negotiable' crossed cheque, and Section 136 covers instruments made outside India per Indian law.

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