Question

Days of grace provided to the Instruments at maturity is (as per the provisions of the Negotiable Instruments Act​

Answer 1

Answer:

hi we be friend ok are not ok

Explanation:

Answer 2

Answer:

Days of Grace: Every promissory note or bill of exchange that isn't stated to be payable immediately upon demand, upon sight, or upon presentation reaches maturity three days after the stated due date.

Explanation :

• The date a promissory note or bill of exchange becomes due for payment is referred to as maturity.
• Three days, referred to as days of grace, must be added to the date the credit period ends in order to arrive at the maturity date.
• When the words Negotiable and Instrument are combined, their respective definitions—"Negotiable is transferrable" and "Instrument is a written document"—are taken into consideration.
• If the transferee is a bona fide holder of the instrument and there are no defects with the instrument or in the transferor's title, the "Nemo dat quod non habit" principle is not applicable.
• There are two ways that a negotiable instrument can be transferred: by delivery or by endorsement.
• Both of these methods pass to the transferee a bona fide title to payment according to the instrument's tenor.
• A promissory note, bill of exchange, or check payable to order or to bearer is a "negotiable instrument" according to Section 13 of the Negotiable Instrument Act of 1881.
• A negotiable document may be made payable jointly to two or more payees, or alternatively to one of two, one of numerous payees, or some of the payees.

#SPJ6