Negotiable Instruments Act 1881 - Law Dictionary Search Results
Negotiation by delivery
the instrument as B's agent. The instrument has been negotiated, and B has become the holder of it. [Negotiable Instruments Act, 1881 (26 of 1881), s. 47]
Negotiable instruments
Matched in: Term Negotiable instruments
Payee
negotiable instru-ment, to whom or to whose order the money is, by the instrument, directed to be paid, Negotiable Instruments Act, 1881, s. 7. One to whom a bill of exchange or promissory note or cheque is made payable; he … or to whose order the money is by the instrument directed to be paid, is called the 'payee'. (Negotiable Instruments Act, 1881 (26 of 1881), s. 7)
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Holder in due course
to believe that any defect existed in the title of the person from whom he derived his title. [Negotiable Instruments Act, 1881 (26 of 1881), s. 9] Under the Indian law, a holder, to be a holder in due course, … U. Ponnappa Moothan Sons v. Catholic Syrian Bank Ltd., (1991) 1 SCC 113: AIR 1991 SC 441 (451). (Negotiable Instruments Act, 1881 s. 9)
Giving notice in writing
Act, containing ss. 138 to 142, was inserted in the Act as per Banking Public Financial Institution and Negotiable Instruments Laws (Amendment) Act, 1968. When the legislature contemplated that notice in writing should be given to the drawer … Import v. Exim Aides Silk Exporters, (1991) 4 SCC 567: AIR 1999 SC 1609 (1612, 1613). [Negotiable Instrument Act, 1881, s. 138, proviso (b)] Giving Notice in writing, is not restricted to the customary mode of sending notice
Indorsement
be completed as a negotiable instrument, he is said to indorse the same, and is called the 'indorser'. [Negotiable Instruments Act, 1881 (26 of 1881), s. 15] Indorsement, means (1) the placing of a signature, sometimes with an additional notation,
Negotiation
any person, so as to constitute that person the holder thereof, the instrument is said to be negotiated. [Negotiable Instruments Act, 1881 (26 of 1881) s. 14 & 48]
On presentment
On presentment, Reffered. (Negotiable Instruments Act, 1881, s. 21) Referred. [Negotiable Instruments Act, 1881 (26 of 1881), s. 21 … On presentment, Reffered. (Negotiable Instruments Act, 1881, s. 21) Referred. [Negotiable Instruments Act, 1881 (26 of 1881), s. 21
Holder
lost or destroyed, its holder is the person so entitled at the time of such loss or destruction. [Negotiable Instruments Act, 1881 (26 of 1881), s. 8] A person who has legal possession of a negotiable instrument and is entitled
Bill of Exchange
Limitation Act, 1963 (36 of 1963), s. 2 (c)] Means a bill of exchange as defined by the Negotiable Instruments Act, 1881 and includes also a hundi and any other document entitling or purporting to entitle any person, whether named
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