Chapter II (Section – 22) of The Negotiable Instruments Act, 1881
Chapter II Of Notes, Bills And Cheques Section – 22 – “Maturity” – The maturity of a promissory note or bill of exchange is the date at which it falls…
Chapter II (Section -6) The Negotiable Instruments Act, 1881
Chapter II Of Notes, Bills and Cheques Section – 6 – “Cheque”- A “Cheque” is a bill of exchange drawn on a specified banker and not expressed to be payable…
Chapter II (Section – 7) of The Negotiable Instruments Act, 1881
Chapter II Of Notes, Bills and Cheques Section – 7 – “Drawer”. “Drawee”.- The maker of a bill of exchange or cheque is called the “drawer”; the person thereby directed…
Chapter II (Section -5) of The Negotiable Instruments Act, 1881
Chapter II Of Notes, Bills and Cheques Section – 5 “Bill of exchange” – A “bill of exchange” is an instrument in writing containing an unconditional order, signed by the…
Chapter II (Section -4) of The Negotiable Instruments Act, 1881
Chapter II Of Notes, Bills and Cheques Section – 4 – “Promissory note” A “Promissory note” is an instrument in writing (not being a bank-note or a currency-note) containing an…