Which of the following is not Negotiable Instrument under Section 13 of NI Act, 1881 ?
Bank draft is not one of the instruments defined in Section 13 of the Negotiable Instruments Act, 1881. Section 13(1) defines a negotiable instrument as a promissory note,…
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Which of the following is not Negotiable Instrument under Section 13 of NI Act, 1881 ?
Answer and explanation
Correct answer C
Bank draft is not one of the instruments defined in Section 13 of the Negotiable Instruments Act, 1881. Section 13(1) defines a negotiable instrument as a promissory note, bill of exchange or cheque payable either to order or to bearer.
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