Total Marks 5
Starting Date Thursday, January 16, 2020
Closing Date Monday, January 20, 2020
Question Title GDB
Ms. Azka drew a cheque for Rs. 50,000 in favour of her landlord Mr. Ahmed. The cheque was not presented for payment by Mr. Ahmed within a reasonable time of its issue. Ms. Azka suffered damage of Rs. 30,000 through the delay because the bank failed. Under the provisions of the Negotiable Instruments Act, 1881 describe whether Mr. Ahmed can recover the money in the above circumstances.
Promissory note is a negotiable instrument that is issued when an order needs to be given to the debtor to pay the due amount to the creditor within a stipulated period of time. Do you agree with this statement? Justify your answer with reason in either case.
Your discussion must be based on logical aspects of the requirements of the topic with proper justification. Use the font style “Times New Roman” and font size “12”. Your answer should be relevant to the topic i.e. clear and concise. Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course. Books, websites and other reading material may be consulted before posting your comments; but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0) even if you provide references. You should post your answer on the Graded Discussion Board (GDB), not on the Moderated Discussion Board (MDB). Both will run parallel to each other during the time specified above. Therefore, due care will be needed. Obnoxious or ignoble answer should be strictly avoided. You cannot participate in the discussion after the due date via email. Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.
For planning your semester activities in an organized manner, you are advised to view schedule of upcoming Assignments, Quizzes and GDBs in the overview tab of the course website on VULMS
Ø For Detailed Instructions please see the GDB Announcement