Under Section 54 of the Negotiable Instruments Act, 1881, negotiation of an instrument indorsed in…
Under s.54 NI Act, an instrument indorsed in blank becomes payable to bearer, and a bearer instrument is negotiated by mere delivery, not bank confirmation, registration, or…
Choose your answer
Under Section 54 of the Negotiable Instruments Act, 1881, negotiation of an instrument indorsed in blank can occur by:
Answer and explanation
Correct answer D
Under s.54 NI Act, an instrument indorsed in blank becomes payable to bearer, and a bearer instrument is negotiated by mere delivery, not bank confirmation, registration, or court approval.
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