Which of the following is an inland instrument?

CS CSEET · Business Laws and Management · PYQS · June 2026
Which of the following is an inland instrument?
(A) A bill drawn in India, payable in Korea upon a company in India
(B) A bill drawn in India, payable in India but drawn upon a company in Korea
(C) A bill drawn in India, payable in Korea upon a company in Korea
(D) Both (A) and (B) above

Answer & Explanation:

Correct Answer: Option (D)

Correct answer: (D) Both (A) and (B) above. Section 11 recognises an instrument drawn in India and payable in India, or drawn in India on a resident of India. Both described instruments satisfy one of these alternatives.

Topics: Negotiable Instruments Act, 1881

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