Which of the following is not an example of Negotiable Instrument?
Section 13 identifies promissory notes, bills of exchange and cheques payable to order or bearer. A share certificate evidences share ownership and is not one of these…
Choose your answer
Which of the following is not an example of Negotiable Instrument?
Answer and explanation
Correct answer C
Section 13 identifies promissory notes, bills of exchange and cheques payable to order or bearer. A share certificate evidences share ownership and is not one of these negotiable instruments; transfer of shares follows separate company-law rules.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
Bihar Judicial Services
-
CUET PG Law (LL.M.)
Subject revision