DMPQ- What is a negotiable instrument. Mention the different types of negotiable instruments recognised by the Negotiable Instrument Act,1881.
A negotiable instrument is a signed document that promises a sum of payment to a specified person or the assignee. In other words, it is a transferable, signed document that promises to pay the bearer a sum of money at a future date or on-demand. The payee, who is the person receiving the payment, must … Read more DMPQ- What is a negotiable instrument. Mention the different types of negotiable instruments recognised by the Negotiable Instrument Act,1881.