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Negotiable Instruments Act, 1881
What is a 'negotiable instrument' under the Negotiable Instruments Act, 1881?
A negotiable instrument is a written document that entitles its holder to receive a certain sum of money and is transferable by delivery or endorsement, such as a promissory note, bill of exchange, or cheque.
Under which section of the NI Act is 'cheque' defined?
Section 6 of the Negotiable Instruments Act, 1881.
Which three instruments are specifically defined as negotiable instruments under the NI Act, 1881?
The NI Act, 1881 specifically defines promissory notes, bills of exchange, and cheques as negotiable instruments under Section 13.
What is 'endorsement in full' under the NI Act?
Endorsement specifying the name of the person to whom instrument is endorsed.
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