The essential elements of negotiation under Section 48 of the Negotiable Instruments Act, 1881 are:
Under s.48 NI Act, the essential elements for negotiating an order instrument are indorsement and delivery together, not mere signature and registration, acceptance and…
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The essential elements of negotiation under Section 48 of the Negotiable Instruments Act, 1881 are:
Answer and explanation
Correct answer B
Under s.48 NI Act, the essential elements for negotiating an order instrument are indorsement and delivery together, not mere signature and registration, acceptance and payment, or banker approval.
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