Negotiable Instruments Act 1881 Section 101 - Law Dictionary Search Results
Negotiable instruments
Matched in: Term Negotiable instruments
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]
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]
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Inland instrument
in, or drawn upon any person resident in British [India] shall be deemed to be an inland instrument, Negotiable Instruments Act, 1881 (26 of 1881), s. 11.
Foreign instrument
any such instrument not so drawn, made, or made payable shall be deemed to be a foreign instrument. (Negotiable Instruments Act, 1881, s. 12).
Instrument payable on demand
bill of exchange in which no time for payment is specified, and a cheque, are payable on demand (Negotiable Instruments Act, 1881, s. 19).
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,
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
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,
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
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