NEGOTIABLE INSTRUMENT ACT: introduction, types of Negotiable instruments, Cheque, promissory note, Bill of exchange and dishonored of Cheque
INTRODUCTION • ‘Negotiable’ means transferable by ‘delivery’, and ‘Instrument’ means ‘written d…
INTRODUCTION • ‘Negotiable’ means transferable by ‘delivery’, and ‘Instrument’ means ‘written d…
MEANING OF UNPAID SELLER · A person who has sold goods to another person but has not bee…
MEANING OF TRANSFER OF OWNERSHIP • Transfer of ownership implies the transfer of all rights to th…
MEANING OF STIPULATION The seller gives his estimation of the goods he is selling. His object in …
FUNDAMENTAL DEFINITIONS 1) Buyer: As per the sec 2(1) of the Act, a buyer is someone w…