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Bill.of.Exchange

Bill.of.Exchange

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Published by Arjun Singh
Bill Of Exchange is one of the three types of Negotiable Instrument; others are Cheque and Promissory Note.
Bill Of Exchange is one of the three types of Negotiable Instrument; others are Cheque and Promissory Note.

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Categories:Types, Business/Law
Published by: Arjun Singh on May 06, 2010
Copyright:Attribution Non-commercial

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02/17/2014

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LEGAL ASPECTS OF BUSINESS
The Business School, University Of Jammu
 
y
 A negotiable instrument is one which is acquired by anyone who takes it bonafide and for value , not withstanding any defect of title in the person from whom who took it.
y
The law relating to negotiable instruments iscontained in the Negotiable Instruments Act, 1881 which deals with promissory notes, bill of exchangeand cheques, as also hundis in vernacular languages.
The Business School, University Of Jammu
 
y
According To Section 13(1) Of TheNegotiable Instrument Act, 1881, A Negotiable InstrumentMeans A Promissory Note, Bill Of Exchange Or Cheque Payable EitherTo Order Or To Bearer
The Business School, University Of Jammu

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