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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…

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Which of the following is not an example of Negotiable Instrument?

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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.

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