PPT-The Negotiable Instruments Act, 1881

October 4 2012 1 Dr Ritu Arora Associate Professor Introduction The law relating to negotiable instruments is contained in the Negotiable Instruments Act 1881 which applies and extends to the whole of India. and Bankruptcy. Chapter 13. Meiners, Ringleb & Edwards. The Legal Environment of Business, 12. th. Edition. Chapter Issues. Negotiable Instruments. Credit. Bankruptcy. . Negotiable Instruments. MODULE THREE. MEANING. A written document which creates a right in favour of some person and which is freely transferable.. Negotiable instrument means a promissory note, a bill of exchange or a cheque.. Jeffrey D. Forchelli Professor of Law, Brooklyn Law School. S.B., Massachusetts Institute of Technology; J.D., New York University. This article was supported by a Brooklyn Law School Summer Research 1 Legal Format Notice @ www.indianbarassociation.org Notice Of Dishonour Of Cheque Under Section 93, Negotiable Instruments Act,1881 ……………………. 3.Interpretation-clause. In this Act- 3* * * * * * 4["banker" includes any person acting as a banker and any post office savings bank;] © Mevan Kiriella Bandara. © Mevan Kiriella Bandara. What are Negotiable Instruments?. “. where an instrument is by the custom of trade transferable like cash, by delivery, and is also capable of being sued upon by the person holding it, it is entitled to the name of a negotiable instrument, and the property in it passes to a transferee who has taken it for value and in good faith. 1881. Cheques. and their payments . Negotiable instruments act 1881. Parties to financial transactions use instruments to settle their claims on each other. These instruments have their own features and operations which are quite different from the mercantile practices of respective business communities.. 12810009. Nishita. . Singh. 12810058. Rahul. . Paul. 12810064. Shailendra . Gautam. 12810075. Sharad. . Srivastava. 12810078.  . The . law . relating . to . negotiable . instruments . is . contained . CHAPTER- PRESENTMENT. SUBMITTED TO- PROFF. FALAK KHANNA. SUBMITTED BY- CHAHAT MALHOTRA (2279). . SAMRIDHI (2343). CLASS- BCOM-I. SECTION- B. Presentment. Placing of the negotiable instrument before a drawee is called presentment. Presentment may be for any of the following purposes:. Official Name: RUSSIAN FEDERATION. 17,075,200 square miles (1.8 times the size of U.S.A.). Capital – Moscow, made up of 8,369,000 people. Total Population– 140,041,247. Main Language– Russian. Religions: 15-20% Russian Orthodox, 10-15% Muslim, 2% other Christian. © Mevan Kiriella Bandara. What are Negotiable Instruments?. “. where an instrument is by the custom of trade transferable like cash, by delivery, and is also capable of being sued upon by the person holding it, it is entitled to the name of a negotiable instrument, and the property in it passes to a transferee who has taken it for value and in good faith. -. Anusha. M.V. Assistant Professor. Promissory Note. Sec. 4: “. Promissory note.”—. A “Promissory note” is an instrument in writing (not being a bank-note or a currency-note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument. Course Name. Business Law . Course Code. PGHRM2C005T. Course In Charge. Anjali. . Pathania. Concept of the Act. . . Law which is relating to negotiable instruments is contained in the Negotiable Instruments Act, 1881 which applies and extends to the whole of India.. Written document which create a right in favor of some person and which is freely transferable.. or. It is a written promise or order to pay money which may be transferred from one person to another..