Q. Which of the following acts was amended by the parliament in 1989, with a view to restore the faith in business transactions through cheques and speedy remedy in case of bouncing cheques?
Answer: Negotiable instruments Act 1881
Notes: Negotiable Instruments Act 1881 regulates the different types of negotiable instruments in India like Promissory notes, Bills of Exchange and Cheques. The section 13 of the Act defines a negotiable instrument as 'a Promissory Note, Bills of Exchange or Cheque payable either to order or to bearer.
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