The term negotiation of the negotiable instrument act
1881 refers to:
AThe transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder there ofCorrect AnswerIncorrect Answer
BThe payment by a bank on a negotiable instrument after due verification of the instrumentCorrect AnswerIncorrect Answer
CThe bargaining between the parties to a negotiable instrumentCorrect AnswerIncorrect Answer
DAll of the above.Correct AnswerIncorrect Answer
Solution
The Negotiable Instruments Act, 1881 As per S.14. Negotiation.—When a promissory note, bill of exchange or cheque is transferred to any person , so as to constitute the person the holder thereof, the instrument is said to be negotiated.
