What is a Negotiable Instrument and Types? NEGOTIABLE INSTRUMENTS is a very interesting topic in Economic, Business, and Commercial Law, which is also part of our CS Online Coaching Class. The following is explained: What is Negotiate Instrument? A "negotiable instrument" means a promissory note, a bill of exchange or a check payable either to the ordering party or to the holder. TYPES OF NEGOTIABLE INSTRUMENTS Negotiable instruments recognized by statutes: the Negotiable Instruments Act mentions only three types of negotiable instruments (Section 13). These are the following: i. Promissory Notes ii. Bills of Exchange, and iii. Cheques Negotiable instruments recognized by the use or customs of trade: certain other instruments have acquired the characteristic of negotiability through the use or customs of trade. For example, Exchequer bills, banknotes, Share warrants, Circular notes, Bearer debits, Dividend warrants, Share certificates with blank transfer deed
Takshila Learning has a great faculty and they have their own unique style of teaching and communicating ideas which enables the students to handle any situation with ease and come out with flying colors. By adding this online medium for teaching various courses, they have not only widened our options but have made it