Bills Of Exchange. Introduction. Negotiable Instrument . According To Section 13(1) Of The Negotiable Instrument Act, 1881, “ A Negotiable Instrument Means A Promissory Note, Bill Of Exchange Or Cheque Payable Either To Order Or To Bearer”. Recognized By Statute
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
“ A Negotiable Instrument Means A Promissory Note, Bill Of Exchange Or Cheque Payable Either To Order Or To Bearer”
27th Nov. 2006
Three months after due date, pay XYZ or order, the
Sum of Rs 1000(one thousand only) for value received.
The person who draws or writes the Bill Of Exchange is called the Drawer. The Drawer must be the seller or creditor to whom the money is owing