Friday, January 06, 2017

Dishonour of Cheque its Consequences Under Negotiable Instruments Act As Amended Upto

Dishonour of Cheque its Consequences Under Negotiable Instruments Act As Amended Upto

What is Negotiable Instruments?
The word negotiable Instruments means transferable by delivery and the word instruments means a written document by which a right is created in favour of person. It is a document guaranteeing the payment of a specific amount of money, either on demand or at a set time with the payee named on the document. It is an indebtedness to pay amount and the negotiable instrument is an unconditional guarantee for the same.
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