Q. An Inchoate Instrument as per the NI Act is a document which is ____?
Answer: Incomplete
Notes: An Inchoate Instrument under the Negotiable Instruments Act (NI Act) refers to a document that is incomplete, meaning it lacks essential elements such as signatures or specific terms. This concept is crucial in negotiable instruments law, as it addresses the validity and enforceability of such documents. For instance, a promissory note without a date or amount is considered inchoate. The NI Act aims to facilitate commerce by providing a framework for the use of negotiable instruments, which are essential for financial transactions.

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