Question

As per Negotiable Instrument Act, the term negotiable means

A Negotiable instrument Correct Answer Incorrect Answer
B Transferrable Correct Answer Incorrect Answer
C Bargaining Correct Answer Incorrect Answer
D Endorsement Correct Answer Incorrect Answer

Solution

Section 14 - Negotiation—When a promissory note, bill of exchange or cheque is transferred to any person,  so as to constitute that person the holder thereof, the instrument is said to be negotiated.

Practice Next
×
×