Negotiable Instruments - Law Dictionary Search Results
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
cancel
for a court to find that there was an intent to cancel it. b : to make (a negotiable instrument) unenforceable esp. by purposely marking through or otherwise marring the words or signature of NOTE: As stated … a court to find that there was an intent to cancel it. b : to make (a negotiable instrument) unenforceable esp. by purposely marking through or otherwise marring the words or signature of NOTE: As stated in
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 … U. Ponnappa Moothan Sons v. Catholic Syrian Bank Ltd., (1991) 1 SCC 113: AIR 1991 SC 441 (451). (Negotiable Instruments Act, 1881 s. 9)
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order
a command issued by a military superior 4 a : a direction regarding the party to whom a negotiable instrument shall be paid [pay to the of John Doe] see also money order, negotiable instrument b : … command issued by a military superior 4 a : a direction regarding the party to whom a negotiable instrument shall be paid [pay to the of John Doe] see also money order, negotiable instrument b : an
recourse
demand payment or compensation ;specif : the right to demand payment from the endorser or drawer of a negotiable instrument see also recourse note at note compare non-recourse NOTE: Under Article 3 of the Uniform Commercial Code, … payment or compensation ;specif : the right to demand payment from the endorser or drawer of a negotiable instrument see also recourse note at note compare non-recourse NOTE: Under Article 3 of the Uniform Commercial Code, the
Bill of Exchange
See now (English) R. S. C. Ord. III., r. 6, and Ord. XIV. See also BANKER'S DRAFT; CHEQUE; NEGOTIABLE INSTRUMENTS; PROMISSORY NOTES PROTEST; NOTE A BILL, TO; INCHOATE. Includes a hundi and a cheque. [The Limitation Act, 1963 … 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,
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]
Not negotiable
Matched in: Term Not negotiable
Indorsee
Indorsee, means a person to whom a negotiable instrument is transferred by indorsement, Black's Law Dictionary, 7th Edn., p. 778. Indorsee, the person to whom a … Indorsee, means a person to whom a negotiable instrument is transferred by indorsement, Black's Law Dictionary, 7th Edn., p. 778. Indorsee, the person to whom a bill
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
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