Alstrong Enterprises Legal Manager Interview Questions and Answers

Limitations in NI Act refer to restrictions on the enforcement of negotiable instruments under certain circumstances.

• Time limitations: A promissory note must be presented for payment within a reasonable time after its issue.

• Insufficient funds: If a cheque is dishonored due to insufficient funds, the holder must give notice to the drawer within 30 days.

• Crossed cheque: A crossed cheque can only be paid through a bank and...read more

Limitation in civil cases refers to the time limit within which a legal action must be brought.

• Limitation periods vary depending on the type of civil case and jurisdiction.

• Failure to bring a legal action within the limitation period may result in the claim being time-barred.

• Statutes of limitations are laws that set out the maximum time after an event within which legal proceedings may be initiated.

• For example, in contr...read more