Question

Define negotiable instrument and its types with illustrations

Answer 1

negotiable instrument noting but it is one of the individual,and formal of that thing.

Answer 2

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“A negotiable instrument is one which is, by a legally recognized custom of trade or by law, transferable by delivery or by endorsement and delivery in such circumstances that..

• (a) the holder of it for the time being may sue on it in his own name and,
• (b) the property in it passes, free from equities, to a bonfire