what is negotiable instrument
ANS: THE WORD 'NEGOTIABLE'MEANS TRANSFERABLE BY DELIVERY AND 'INSTRUMENT' MEANS A WRITTEN DOCUMENT BY WHICH A 'RIGHT' IS CREATED BY ONE PERSON IN FAVOUR OF OTHER PERSON. THUS, NEGOTIABLE INSTRUMENT MEANS "A DOCUMENT TRANSFERABLE BY DELIVERY" .
IT ONLY NAMES THREE NEGOTIABLE INSTRUMENT IN SEC. 13 THERE ARE :
1) CHEQUES
2) PROMISSORY NOTE (PN)
3) BILL OF EXCHANGE (BE)
Answers
Answered by
4
Answer:
yes the answer is correct bro
mark me as the brainest answer and follow me
Answered by
7
Answer:
A negotiable instrument is a signed document that promises a sum of payment to a specified person or the assignee. ... Common examples of negotiable instruments include checks, money orders, and promissory notes.
Similar questions