Negotiable instruments

negotiable instrument means

• promissory notes

• bills of exchange

• cheque

• All of the above

A -------------------------------- is a signed document that promises a sum of payment to a specified person or the assignee

The person who transfers the negotiable instrument is the -------------------------------

The person to whom the negotiable instrument is transfered is the----------------------------

A holder in due course is one who has a negotiable instrument by fulfilling three conditions

i) Good faith

ii) Negotiability

iii) Valid consideration

iv) Without negligence

• i & ii

• ii & iv

• i,ii & iii

• i , iii & iv

The Negotiable instrument can be issued only for payment of --------------------

In the case of ------------ instruments, mere delivery to

the transferee is sufficient.

• Order

• Bearer

• Both 1 & 2

In case of order instrument, two things are

required for a valid transfer: --------------------------- and -----------------------------

• Transferability & Negotiability

• Endorsement & delivery

• Transferability & Delivery

• Endorsement & Negotiability

Right against the whole world is right in ---------------------

Right against particular person is right in ---------------------