CA Foundation doubt
Is Anjali really liable to honor to Manish for rs.17000 or rs.15000??

Asked by CA5 Jul 2026919 views
CA Foundation doubt

Asked by CA5 Jul 2026919 views
Tiya · 6 Jul 2026
Yes , she is a liable (Anjali ) as this stam affixed on the negotiable instrument which is the promissory note are of 17000 and the holder in due coursw get the amount up to the stamp of its on it so she is liable to Manish to pay 17000
Seemsliike · 5 Jul 2026
No because of the general provision of negotiable instrument act, the price amount can't be claim if it is adjusted by the third party by fraud or misrepresentation
Free app · 5 lakh+ learners
Read full notes, ask doubts, follow toppers and track your study hours — free on Android and iPhone.