Cheque has been defined in Negotiable Instruments Act 1881 section 6. A cheque is a bill of exchange drawn on a specified bank and not expressed to be...
The NI act was amended in 2002 and after that Cheque also means a Cheque in electronic form. The clearing of checks on the basis of electronic checks...
A person who signs the cheque and transfers the instrument is an endorser and in whose favor it is transferred is endorsee. The endorsee acquires a right to...
The section 15 of the Negotiable Instruments Act 1881 defines endorsing as “signing on the face or an instrument for the purpose of negotiating a negotiable instrument (such...
There are 3 parties in the bill of Exchange. BEO is a written negotiable Instrument which contains an unconditional order which is Signed by the Maker Directs a...
The term Holder and Holder in Due Course are related to Negotiable Instruments. Holder Holder is the person who is entitled in his own name to the possession...
Negotiable Instruments Act 1881 had been passed in 1882 and was modified in 1989 and 2002, as some more sections were added into the age old law. This...
