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…
Introduction: In case of dishonour of a negotiable instrument, notice of dishonour must be served to all the parties by the holder for payment of dues. The term “Dishonour” means not honouring one’s obligation. Such dishonour can be caused by either non-payment or non-acceptance. The Negotiable Instrument Act that came Read more…
Introduction A Negotiable Instrument authorises a person to transfer his sum of money to another by way of delivery or endorsement. The person to whom the money is transfer is further transferable to another person. Negotiable instruments plays a vital role in trading. The person who is entitle to the Read more…