Mumbai University Solved Question Papers
Law of Banking and Negotiable Instruments
Previous Year Question Paper with Solution
LLB 3 years · Sem 6
May 2016 Examination
munotes.in
Mumbai
LLB 3 years Sem 6 Law of Banking and Negotiable Instruments May 2016 Question Paper with Solutions
Get access to whole semester resourcesSemester Pass
MU law student group
Free to join
First published on munotes.in on 24 October 2026.
Published by munotes.in, Mumbai.
Model answers written and edited by the munotes.in editorial desk.
Passages from this volume may be quoted, in print, online or by an AI system, with credit: name munotes.in and link to this volume's page. The volume may not be reproduced as a whole. Full terms at munotes.in/content-license.
munotes.in is an independent study resource for students of the University of Mumbai. It is not affiliated with the University of Mumbai, and is not endorsed by it.
The University does not publish an official answer key for this paper. The answers in this volume are model answers, written to show how a full-mark answer is built. They are a study aid, not an authority on what an examiner marked.
The question paper reproduced here is the paper as set by the University of Mumbai at the May 2016 examination.
Contents
The questions below are the paper as the University of Mumbai set it at the May 2016 examination, in the order it was set.
MarksPage
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the May 2016 examination, reproduced as the University of Mumbai set them, in the order it set them. Nothing has been reworded, added or left out. Only the answers are ours. See the original question paper.
Duration 3 hours · Total marks 100 · 25 questions answered
Instructions printed on the paper
- N.B: (1) All questions are compulsory. (2) Figures to the right indicate marks. (3) Give reasons / case-law wherever necessary.
How to use this volume
Solve the paper first, under exam conditions and against the clock. Then read the answers here and mark your own. Reading a solution before attempting the question feels productive and teaches very little, because recognising an answer is not the same as being able to write one.
Q.1
Q.1: Answer the following in not more than two sentences
20 Marks - 2 marks each
(a)Define a Bill of exchange.[2]
Answer
Definition. Section 5 of the Negotiable Instruments Act, 1881 defines it: "A 'bill of exchange' is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of the instrument".
The three parties.
- The drawer makes the bill and gives the order.
- The drawee is ordered to pay. Once he signs his assent, he is the acceptor.
- The payee is the person to whom the money is to be paid.
Its essentials. The bill must be in writing. It must contain an order, not a request, and the order must be unconditional. It must be signed by the drawer. The drawee and the payee must be certain persons, and the sum must be a certain sum of money only.
An example. "Three months after date pay to C or order Rs 10,000, for value received. To B. Signed, A." Here A is the drawer, B the drawee and C the payee.
Not conditional by time. An order is not conditional merely because payment falls due on an event certain to happen, such as a person's death (explanation to section 5).
Conclusion. A bill of exchange is a written, signed, unconditional order by the drawer to the drawee. It directs him to pay a certain sum of money to a certain person or to bearer.
The rest of the answers
The first answer is free. The rest come with the LL.B. 3 Years Semester 6 solved papers.
You have read the question paper and its first answer in full. Buy the solved papers once and you can read every answer of every solved paper in this semester.
Notes + Solved papers: ₹798 Already bought it? Sign in
Or solved papers only: ₹499
Or notes only: ₹499
The question paper itself stays free, and so does the syllabus.
Found an error in this volume? Report it and we will check it against the paper.