Under the Negotiable Instrument Act, 1881, an instrument which is incomplete in some respects, is called a/an

BANKING GENERAL KNOWLEDGE

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

A	foreign instrument
B	inland instrument
C	inchoate instrument
D	ambiguous instrument

Explanation:

Detailed explanation-1: -When you sign an unfilled or an incomplete negotiable instrument such as a cheque or a promissory note and negotiate them just like any other negotiable instrument, it is called an inchoate instrument.

Detailed explanation-2: -Q. 27:-A promissory note, bill of exchange or cheque drawn or made out of India and made payable in, or drawn upon any person resident in India shall be deemed to be: Incomplete instrument.

Detailed explanation-3: -(vii) Inchoate instrument An instrument incomplete in some respect is known as inchoate instrument.

Detailed explanation-4: -A promissory note, bill of exchange or cheque payable to bearer is negotiable by the delivery thereof. A promissory note, bill of exchange or cheque payable to order is negotiable by the holder by indorsement and delivery thereof.

There is 1 question to complete.