Business Studies · Dishonour of Cheque - Provisions
Match LIST-I with LIST-II: LIST-I (Legal Principle / Provision) A. Estoppel in Negotiable Instruments B. Defense in Prosecution for Dishonour C. Offenses by Companies D. Cognizance of Offenses LIST-II (Legal Consequence / Description) I. Deems every person in charge of the company's business at the time of the offense to be guilty along with the company II. Dictates that no court shall take cognizance of a dishonor offense except upon a written complaint made by the payee/holder III. Prevents a party from denying facts about an instrument if their prior conduct induced reliance IV. Specifies conditions and statutory defenses available to the drawer in dishonour proceedings Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-I, B-II, C-III, D-IV
- 2A-III, B-I, C-IV, D-II
- 3A-IV, B-III, C-II, D-I
- 4A-III, B-IV, C-I, D-II✓
Correct answer
A-III, B-IV, C-I, D-II
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