Q. The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to (Solved)
1. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof
2. The payment by a bank on a negotiable instrument after due verification of the instrument
3. The bargaining between the parties to a negotiable instrument
4. All of the above.
- a. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof