Question

The term negotiation of the negotiable instrument act 1881 refers to:

A The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder there of Correct Answer Incorrect Answer
B The payment by a bank on a negotiable instrument after due verification of the instrument Correct Answer Incorrect Answer
C The bargaining between the parties to a negotiable instrument Correct Answer Incorrect Answer
D All of the above. Correct Answer Incorrect Answer

Solution

The Negotiable Instruments Act, 1881 As per S.14. Negotiation.—When a promissory note, bill of exchange or cheque is transferred to any person , so as to constitute the person the holder thereof, the instrument is said to be negotiated.  

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