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ACKNOWLEDGEMENT:
I '()*+ /&0&* *& 3( 4)3 5(0'$0+ 6 %&)& $440&/$3( 3( ()0 0&4&/3&+
H3(0 A3$3 P0(5&(0, S0, V7'$/7$+0$ N$37 M$+$) 5(0 %% 6& $ %(*+&
(44(03)3 3( 3$& )4. T7& 40(9&/3 NEGOTIABLE INSTUMENTS ACT 1881;, I
7$& 30&+ 6
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TABLE OF CONTENTS:
= # P $ % &
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INTRODUCTION:-E>/7$%& (5 %((+ $+ &0/& 37&
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MEANING OF NEGOTIOABLE INSTRUMENTS:
T( )+&03$+ 37& 6&$% (5 &%(3$
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+(& 3, C7$+&0 %&3 $ 0%73 3( R. !,- $+ 7& /$ 30$5&0 3 3( D$$$+, 5
0&?)0&+. S)/7 30$5&0 6$ /(3)& 3** 37& 4$6&3 5$** 6$+& 3( (6&
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Negotiable Inst!"ent A#t$ %&&%:
DEFINITION:
Se#tion %' o( t)e Negotiable Inst!"ent A#t$ %&&%$ *e(ines a
negotiable inst!"ent as: +A negotiable inst!"ent "eans a ,o"isso note$
bill o( e.#)ange o #)e/!e ,aable eit)e to o*e o to beae01 2Se#0 %'3%450
E.,lanation: A 40(6(0 (3&, /7$%& (0 /7&?)& 4$$40&&+ 3(
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C)aa#teisti#s Feat!es o( Negotiable Inst!"ent:
T)ese ae t)e (ollo6ing #)aa#teisti#s o( a negotiable inst!"ent:
%0 7o,et:
T7& 4(&(0 (5 37& 30)6&3 37& 7(*+&0 $+ ('&0 37&0&(5. A
&%(3$$/3* %& 4(&( (5 37& 30)6&3,
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R&/&&+ 50(6 R. 1,, '7/7 I 40(6& 3( 4$ ( +&6$+ '37 3&0&3;.
• T)is ae not t)e ,o"isso notes:
I $/('*&+%& 0&/&43 (5 R. 1,.;
I ('& () R. 1,.;
M0. P0$$7 R. 1,.;
A +(/)6&3 '7/7 $ 0&/&43 5(0 6(& 4$+
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I 40(6& 3( 4$ B R. 1 /$7 $+ R. 1"" '(037 (5 /(6&3/.;
I 40(6& 3( 4$ B R. 2"" $+ 3( +&*&0 76 6 40 (5 $ 4&/5&+ 4&0(+. T7 +(/)6&3 /$**&+ $
B** (5 E>/7$%&, '7/7 /$
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b4 Da6ee:
T7& +0$'&& $ 4&0(, '7( +0&/3&+
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&0 Sta",ing:
B** (5 &>/7$%& /7$0%&$
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'0 7aable on De"an*0
0 Cetain S!" o( Mone0
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R.=2@."2 (&0 $ 4&0(+ (5 36&. T7 '$ +&3&/3&+
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A/3 $+ '()*+
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!*g"ent:
T7& H%7 C()03, 7('&&0, &0/& (5 3
9)0+/3( )+&0 S&/3( 82 (5 37& C(+& (5 C06$* P0(/&+)0& C(+&, 7$ ?)$7&+
37& /06$* 40(/&&+% 4&+% $%$3 3 7(*+%:
1! +$ (3/& 7$% (3
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T7& N.L $/3 (5 1881 +&5& &+(0&6&3 $ '7& 37& 6$&0 (0 37&
7(*+&0 (5 37& N.I. % 37& $6& (37&0'& 37$3 $ 6$&0 5(0 37& 4)04(& (5
&%(3$3( ( 37& &+ 37&0& 3( (0
( % 5(0 37& $6& 4)04(& $ 3$64 4$4&0 3&+&+ 3(
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9ISTOR@ BE9IND T9E ACT:
T7& A/3 '$ (0%$** +0$53&+ 18@@
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CONCLUSION:
B
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2= # P $ % &
