Question

Explain the different types of negotiable instrument

Answer 1

Answer:

Mainly there are two types of Negotiable Instruments: the instruments which can be negotiated by statute and the instruments which can be negotiated by custom or usage. Promissory Notes, Bills of Exchange and Cheques are the instruments which are negotiated by statute. Circular notes, Bank notes, share warrants etc.

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Answer 2

Answer:

Mainly there are two types of Negotiable Instruments: the instruments which can be negotiated by statute and the instruments which can be negotiated by custom or usage. Promissory Notes, Bills of Exchange and Cheques are the instruments which are negotiated by statute. Circular notes, Bank notes, share warrants etc.