Legal Question in Banking Law in India

Who are the parties to negotiable Instrument


Asked on 7/14/15, 9:23 am

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

14.07.2015

Dear Sir / Madam,

Following are the prevailing legally valid Negotiable Instruments in India :

01. Cheque

02. Demand Draft

03. Pay Order

04. Bill of Exchange

05. Promissory Note &;

06. Certificate of Deposit

Primarily, the three parties in any negotiable instrument are :

a).Drawer;

b) Drawee and;

c). Payee

Regards,

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Answered on 7/14/15, 9:55 am


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