Question

What is negotiable instruments under negotiable instrument act,1881?

Answer 1

section 21 the negotiable instrument act 1885 .25 when day majaurity is a holiday. - when the day on which a promissory note or bill of exchanges is at maturity is public holiday,the instrument shall be deemed to be due on the text preceding business day.

Answer 2

Explanation:

Non-Negotiable Financial Products. Securities and products that are considered non-negotiable cannot be transferred from one party to the next and thus are typically illiquid. An example of a non-negotiable instrument, also referred to as a non-marketable instrument, would be a government savings bond.