1040776
Descrição
Mapa Mental por rainaddesai, atualizado more than 1 year ago
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Criado por rainaddesai
mais de 12 anos atrás
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The Negotiable Instruments Act, 1881
- 1. Negotiable instrument means
- 1. 1.it means an instrument
2. The property in which is
acquired by anyone who
take it – a. Bonafide ; and
b. For value
3. Notwithstanding any
defects in the title of any
prior party. 4. In other words,
negotiable instruments
means an instrument, which
confers upon a holder in due
course a valid title,
notwithstanding any defect
in the title of any prior party.
- MEANING
- 1. Freely transferable from one
person to another 2.
transferable indefinitely 3.
holder in due course gets a
good title 4. a negotiable
instrument may name more than
one payee jointly or
alternatively
- ESSENTIALS
- 1. NI was made, accepted and endorsed for consideration
2. NI bearing a date was made or drawn on such date 3.
every accepted bill was accepted within a reasonable time
after its date and before its maturity. 4. Every transfer of NI act
was made before its maturity 5. A lost promissory note or bill
was duly stamped 6. The holder of a negotiable instrument is
a holder in due course
- PRESUMPTIONS
- PRESUMPTIONS
- ESSENTIALS
- MEANING
- 1. 1.it means an instrument
2. The property in which is
acquired by anyone who
take it – a. Bonafide ; and
b. For value
3. Notwithstanding any
defects in the title of any
prior party. 4. In other words,
negotiable instruments
means an instrument, which
confers upon a holder in due
course a valid title,
notwithstanding any defect
in the title of any prior party.
- 2. a promissory note; or
- 3. bill of exchange; or
- 4. cheque
- 5.payable
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