Which of the following is not covered by the definition of Negotiable Instrument?
A bill of lading is outside the statutory definition of a negotiable instrument. Section 13 of the Negotiable Instruments Act, 1881 covers promissory notes, bills of…
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Which of the following is not covered by the definition of Negotiable Instrument?
Answer and explanation
Correct answer A
A bill of lading is outside the statutory definition of a negotiable instrument. Section 13 of the Negotiable Instruments Act, 1881 covers promissory notes, bills of exchange and cheques payable to order or bearer.
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