Question

U/s $12$ of the negotiable instruments act, all the instruments which are not inland instruments are_______.

• A. not valid in India
• B. local instruments
• C. foreign instruments
• D. none of the above

Answer 1

Answer: (C)

foreign instruments

Under section 12 of the Negotiable Instruments Act, all the instruments which are not inland instruments are called as foreign instruments. Any instrument not drawn or made payable in India is a foreign instrument.