Types of Negotiable Instruments
Negotiable Instruments Act Section 13 of the Negotiable Instruments Act states that a negotiable instrument is a promissory note, bill of exchange or a cheque…
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31/03/2020
Crossing of Cheque
What is Crossing of Cheque? The crossing of Cheque means that the specific cheque can only be deposited straightway into a bank account and cannot…
31/03/2020
Cheque
What is Cheque? A cheque is a bill of exchange, drawn on a specified banker and it includes ‘the electronic image of truncated cheque’ and…
02/04/2020
Bill of Exchange
What is Bill of Exchange? A bill of exchange is defined as an instrument in writing containing an unconditional order, signed by the maker, directing…
31/03/2020
Types of Endorsement
What is an Endorsement? Endorsement means, "the writing of one’s name on the back of the instrument or any paper attached to it with the…
31/03/2020
Promissory Note
What is Promissory Note? Section 4 of the Act defines, “A promissory note is an instrument in writing (note being a bank-note or a currency…
31/03/2020
Negotiable Instruments Act 1881
The Negotiable Instruments Act was enacted, in India, in 1881. Prior to its enactment, the provision of the English Negotiable Instrument Act was applicable in…
31/03/2020
Transfer of Property
What is Transfer of Property? The transfer of property (or ownership) is important as it determines who owns the goods at a particular point during…
30/03/2020
Rights of Unpaid Seller
Rights of Unpaid Seller The seller of goods is deemed to be an ‘unpaid seller’ within the meaning of this Act —(a) When the whole…
30/03/2020
Doctrine of Caveat Emptor
Principle of Doctrine of Caveat Emptor Subject to the provisions of this Act and of any other law for the time being in force, there…
30/03/2020