UNIT 1 – LAWS RELATING TO NEGOTIABLE INSTRUMENTS (NIS)
1.1. Introduction to Negotiable Instruments
1.2. Types of Negotiable Instruments
1.3. Parties to the bill of exchange
1.4. Crossing of Cheques
The word “Negotiable” means Transferable by Delivery” and “Instrument” means a written
document by which a ‘right’ is created by one person in favour of other person. Thus,
negotiable instrument means “a document transferable by delivery”.
The Negotiable Instruments Act has not defined the term negotiable instrument. It only
names three Negotiable Instruments in Sec. 13. These are:
Cheques
Promissory Notes (PN)
Bills of Exchange (BE)
Purchase this notes: https://shop.edugrown.in/index.php/product/the-banking-insurance-notes-class-10th-batch-2023-cbse-notes-by-ashish-edugrown/
Video lecture Unit-1 Laws related to negotiable Instrument
Discover more from EduGrown School
Subscribe to get the latest posts sent to your email.