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Negotiable Instruments Law

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Negotiable Instruments Law

Meaning and Kinds of Negotiable Instruments

Meaning of Negotiable Instruments A negotiable instrument is a written document that represents a promise to pay a specific amount of money to the bearer...
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Negotiable Instruments Law

Promissory Note under Negotiable Instruments Act

A promissory note is a written agreement between two parties. In this agreement, one party (called the maker) promises to pay a specific amount...
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Negotiable Instruments Law

Bill of Exchange under Negotiable Instruments Act

A bill of exchange is a negotiable instrument that serves as a written order from one party, known as the drawer, to another party,...
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Negotiable Instruments Law

Cheque under Negotiable Instruments Act

Definition A cheque is a written instrument that contains an unconditional order by the account holder (known as the drawer) to a bank or financial...
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Negotiable Instruments Law

Indorsement under Negotiable Instruments Act

Meaning of Indorsement Indorsement refers to the act of signing or endorsing a negotiable instrument, such as a promissory note, bill of exchange, or cheque....
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Negotiable Instruments Law

Kinds of Indorsement

Blank Indorsement In a blank indorsement, the indorser signs their name on the back of the instrument without specifying the name of the indorsee (the...
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