All of the following are examples of Quasi negotiable instruments, under the Negotiable Instrument Act, 1881, except

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	dividend warrants
B	share warrants
C	bearer debentures
D	promissory note

Explanation:

Detailed explanation-1: -Some of examples of quasi negotiable instruments are: Bill of Lading. Dividend warrants. Dock Warrant.

Detailed explanation-2: -A crossed cheque can only be paid in account & hence it is not a negotiable instrument.

Detailed explanation-3: -(1) A “negotiable instrument” means a promissory note, bill of exchange or cheque payable either to order or to bearer.

Detailed explanation-4: -“Promissory note.”-A “Promissory note” is an instrument in writing (not being a bank-note or a currency-note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument.

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