Question

The term negotiation of the negotiable instrument act

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

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.

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

B The payment by a bank on a negotiable instrument after due verification of the instrument

C The bargaining between the parties to a negotiable instrument

D All of the above.

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The term negotiation of the negotiable instrument act

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