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    Question

    Negotiable Instrument according to Section 13 of the

    Negotiable Instrument Act, 1881 do not include__________.
    A Promissory note Correct Answer Incorrect Answer
    B Letter of credit Correct Answer Incorrect Answer
    C Cheque Correct Answer Incorrect Answer
    D Bill of exchange Correct Answer Incorrect Answer

    Solution

    Section 13 of NI Act - тАЬNegotiable instrumentтАЭтАФ(1) A тАЬnegotiable instrumentтАЭ means a promissory note, bill of exchange or cheque payable either to order or to bearer.

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