Question

Which of the following is not a negotiable instrument?

A Cheque Correct Answer Incorrect Answer
B Pronote Correct Answer Incorrect Answer
C Hundi Correct Answer Incorrect Answer
D Bill of Exchange Correct Answer Incorrect Answer

Solution

Section 13 of Negotiable Instrument Act, 1881 defines - A “negotiable instrument” means a promissory note, bill of exchange or cheque payable either to order or to bearer.

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