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?
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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