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The Negotiable Instruments Act ,1881

The Negotiable Instruments Act ,1881



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Published by meghna_mg87

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Published by: meghna_mg87 on Aug 08, 2009
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The Negotiable
The NegotiableInstruments Act ,1881Instruments A
ct ,1881
-Group 10-Group 10Section -ASection -A
08/08/09The Negotiable Instruments Act,182
A law relating to negotiableA law relating to negotiableinstrumentsinstruments
Deals with promissory notes, bills of Deals with promissory notes, bills of exchange & chequesexchange & cheques
Act extends to whole of IndiaAct extends to whole of India
 The Act came into existence on 1 The Act came into existence on 1
 March, 1882March, 1882
 The latest amendment to the act was The latest amendment to the act wasmade in 1988made in 1988
08/08/09The Negotiable Instruments Act,183
What is a negotiable Instrument?What is a negotiable Instrument?
A negotiable instrument is the oneA negotiable instrument is the onewhich transfers a debt from onewhich transfers a debt from oneperson to another.person to another.
Special class of contracts.Special class of contracts.

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