ObjectiveMcq
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As per Section 147 of the Negotiable Instruments Act, 1881, every offence punishable under the Act is:
Correct Answer: A — Compoundable
The correct answer is Compoundable.
Section 147 of the Negotiable Instruments Act, 1881 deals with offences to be compoundable. Notwithstanding anything contained in the Code of Criminal Procedure, 1973, every offence punishable under this Act shall be compoundable.
In the legal context, compoundable refers to an offence that can be settled or compromised between the parties with the consent of the court. This means the victim or complainant can agree to withdraw the charges or settle the matter with the accused outside of court, typically involving mutual agreement or compensation.