July 2011
Intermediate to advanced
224 pages
6h 56m
English
Content preview from Business Regulatory Framework
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21
Meaning and Types of Negotiable Instruments
CHAPTER OBJECTIVES
After carefully reading this chapter, you will be able:
- Understand the meaning and characteristics of negotiable instruments.
- Enumerate the meaning and essential elements of a promissory note, a bill of exchange and a cheque.
- Distinguish between a promissory note and a bill of exchange; a bill of exchange and a cheque.
- Get a clear idea about crossing of a cheque and different types of crossing a cheque.
- Describe the different types of negotiable instruments.
The law relating to negotiable instruments is contained in the Negotiable Instruments Act 1881. It extends to the whole of India except the state of Jammu and Kashmir.
MEANING OF NEGOTIABLE INSTRUMENTS
Negotiable means ...
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