What is Ambiguous Instruments? Which amount is taken where amount is stated differently in figures and words? Ambiguous Instruments and where amount is stated differently in figures and words are defined under Section 17 and 18 of Negotiable Instruments Act 1881
Where an instrument may be construed either as a promissory note or bill of exchange, the holder may at his election treat it as either and the instrument shall be thenceforward treated accordingly.
If the amount undertaken or ordered to be paid is stated differently in figures and in words, the amount stated in words shall be the amount undertaken or ordered to be paid.
Negotiable Instruments Act 1881
CHAPTER II NOTES, BILLS AND CHEQUES
Section 9 - Holder in Due Course
Section 10 - Payment in due Course
Section 11 - Inland Instrument
Section 12 - Foreign Instrument
Section 13 - Negotiable Instrument
Section 16 - Endorsement in blank and in full endorsee
Section 17 - Ambiguous instruments
Section 18 - Where amount is stated differently in figures and words