BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the followings are defined as Negotiable Instruments by Custom (Trade Practices)?
|
Banker’s Note
|
|
Share Certificates
|
|
Share Warrants
|
|
All of the above
|
Explanation:
Detailed explanation-1: -Section 13 of the Negotiable Instruments Act states that a negotiable instrument is a promissory note, bill of exchange or a cheque payable either to order or to bearer.
Detailed explanation-2: -According to the Negotiable Instruments Act, 1881 there are just three types of negotiable instruments i.e., promissory note, bill of exchange and cheque.
There is 1 question to complete.