Negotiable Instrument Act

Page no : 3

CA Mansi Kotecha (Keep Smiling !!) (6890 Points)
Replied 04 April 2011

Plz mail me at mansi8ca @ gmail.com

do asap...!!

thn x ton in advance....!!

Upgrade to CAclubindia Pro. Subscribe Now!

Radhika (CA-ipcc & CS-foundation) (41 Points)
Replied 07 April 2011

i really need da notes...plzzz send me da notes at angelsweetgal1991 @ gmail.com...

dpfocanil (engineer) (21 Points)
Replied 08 April 2011

A negotiable instrument is a paper agreement the payment of a specific amount of money, either on order, or at a set time. According to the Negotiable Instruments Act, there are just three types of negotiable instruments
Promissory note,
Bill of exchange
Cheque
It is a document contemplated by a bond,
(1) Warrants the payment of money, the promise of or order for passage of which is unrestricted;
(2) Specifies or describes the payee, who is selected on and memorialized by the instrument;
(3) Is capable of change through move by valid negotiation of the instrument.
---------------------------------------

Work accidents claims