An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated? [IBPS PO 2012]

An ECS transaction gets bounced and you are unable to recover your mon

1.	An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated? [IBPS PO 2012]
A.	Indian Penal Code
B.	Negotiable Instruments Act
C.	Criminal Procedure Code
D.	Payment and Settlements Act
E.	Indian Contract Act
Answer» E. Indian Contract Act

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An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated? [IBPS PO 2012]

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