Banking Laws
Analysis: The Negotiable Instruments Act, 1881
Introduction: The Negotiable Instrument Act 1881, Section 13 defines “Negotiable Instrument” means a promissory note, bill of exchange or cheque payable either to order or to bearer. The term ‘negotiable’ means transferable from person to another in return of some consideration and ‘instrument’ means, a signed document entitles a specific Read more…