Duties and Obligations of Paying Banker-NI Act 1881 Duties and Obligations of Paying Banker-NI Act 1881 Paying Banker >A Banker on whom a cheque is drawn should pay the cheque when it is presented for payment. , >This cheque paying function is a distinguished one of a banker. >This obligation […]
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Definition of Negotiable Instrument
Definition of Negotiable Instrument The Negotiable Instrument Act does not define a negotiable instrument and merely states that a negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or bearer. This does not indicate the characteristics of a negotiable instrument but only states that […]
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