Question

    Which of the following is not a negotiable instrument

    as per NI Act 1881?
    A Cheque Correct Answer Incorrect Answer
    B Pronote Correct Answer Incorrect Answer
    C Hundis Correct Answer Incorrect Answer
    D Bill of Exchange Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Explanation : Pronote means promissory note. According to NI Act- promissory note, cheque, bill of exchange are negotiable instruments.

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