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

Under the short title and extent provision of the Negotiable Instruments Act, 1881, the Act came into force on:

The Negotiable Instruments Act came into force on the first day of March, 1882. Although it is called the 1881 Act because it was enacted in 1881, its commencement date under the short title and extent provision is 1 March 1882, not any date in 1881.

  1. A1 March 1882Correct
  2. B1 January 1881
  3. C1 April 1881
  4. D1 March 1881

Explanation

The text states that the Act shall come into force on the first day of March, 1882. The year 1881 is only the year of enactment and appears in the name of the Act, so options with 1881 are wrong.

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