state gov RSMSSB Junior Accountant Mock Test 2023 Legal Aspects of Business Negotiable Instruments Act, 1881
Assertion(A): Cheque is dishonoured by non-payment
Reason(R): Cheque is always payable on demand.
In the context of the two statements, which one of the following statement is correct?
1
Both Assertion and Reason are true and Reason is the correct explanation of Assertion.
2
Both Assertion and Reason are true but Reason is not the correct explanation of Assertion.
3
Both Assertion and Reason are false.
4
Assertion is true but Reason is false.