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Today General Knowledge(GK)
What happens if in an instrument the amount undertaken or ordered to be paid is stated differently in figures and in words?
A)
the instrument is void due to uncertainty
B)
the amount stated in words shall be the amount undertaken or ordered to be paid
C)
the amount stated in figure shall be the amount undertaken or ordered to be paid
D)
None of the above

Correct Answer : Option (A) - the instrument is void due to uncertainty



The Negotiable Instruments must be freely transferable and unconditional from the make to the received/bearer.

Published On : June 27, 2021
Category : Banking
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