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
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