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Blog posts : "ni act"

Negotiating the Negotiable Instrument Act

Negotiable Instruments Act 1881, is the act dealing with the negotiable instruments in India. The act provides for all the different types of Negotiable Instruments such as Promissory note, Hundis, Bill of exchange and Cheques. The instruments have some commercial value which is its face value or lesser which is called discount. These instruments can be traded till date of it becoming due and this is done at the discounted price. The person who issues is called drawer and the person in whose na…

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