Dil Ko Maine Di Kasam Na Dhadke Tere Bina - Arijit Singh | Lyrics | Mp3 Download

Title Name  - Dil Ko Maine Di Kasam Cast/Starring - Asim Riaz & Himanshi Khurana Singer Name - Amaal Mallik ft. Arijit Singh ...

What is Negotiable instrument | Explain its Features and valid Promissory Notes

Negotiable instrument

Money can be easily transferred from the one place to another place with the help of the negotiable instrument. the holders of negotiable instrument can transferred these instrument in some cases of delivery .

negotiable instrument is actually deals with promissory notes bills of exchange hundi and other types of payment.

Characteristics of negotiable instrument-

  1. it is easy to tranferability.
  2. transfer the title free from all defects
  3. transfer can sue with his own name.
  4. as the order of transfer.
  5. as the order of endorsement.
  6. as the dishonor.
  7. as to stamp.

Promissory note

promissory note is an instrument which is written form not being bank or currency note it is singed by maker to  certain sum of money to give or  order of some person  to the bearer  of the instrument .


No comments:

Post a comment