Tag: Partners as Agent

The negotiation has been defined under section 34 of The Negotiable Instrument Act as follows: ‘When a promissory note, bill of exchange or cheque is …

You might have heard of a cheque bouncing due to insufficient funds. There might arise disputes in regard to acceptance of a negotiable instrument, similar …

The parties to a negotiable instrument (bill of exchange, promissory note and a Cheques) are discussed in detail : Parties to a bill of exchange …

Presentment Sec.   70.   Effect   of   want   of   demand   on   principal   debtor.   – Presentment  for  payment  is  not  necessary  in  order  to  charge  the person primarily …

By payment in due course Payment-in-due-course, is the payment made in good faith and in accordance with the apparent tenor of the instrument to the …

A bill of exchange payable after sight must, if no time or place is specified therein for presentment, be presented to the drawee thereof for …

Endorsement Section 15 defines endorsement as follows: “When the maker or holder of a negotiable instrument signs the same, otherwise than as such maker, for …

Negotiable Instrument, in law, a written contract or other instrument whose benefit can be passed on from the original holder to new holders. The original …

The law relating to “Negotiable Instruments” is contained in the Negotiable Instruments Act, 1881, as amended up-to-date. It deals with three kinds of negotiable instruments, …