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.
CHAPTER II NOTES, BILLS AND CHEQUES