43 – Various Negotiable Instruments

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As per the Negotiable Instruments Act 1882, the term negotiable relates to which of the following?

Money

Transferable

Can be passed

Bargain

The term Negotiable Instruments is associated with which of the following?

A written document that transfers the value in it from one person to other

A written document entitled on an individual by delivery or endorsement

A written document, entitled on a person to receive money

All of the above

Which of the following is not the Negotiable Instrument?

Currency Note

Promissory Note

Bill of Exchange

Cheques Answer

In Negotiable Instruments Act, the Bill of Exchange is covered under which section?

Section 4

Section 6

Section 13

Section 5

In Negotiable Instruments Act, the Cheque is covered under which section?

Section 4

Section 5

Section 6

Section 13

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