Question:
Which of the following is not a negotiable instrument as per the Negotiable Instruments Act, 1881?
Which of the following is not a negotiable instrument as per the Negotiable Instruments Act, 1881?
Updated On: Nov 7, 2024
- Promissory note
- Hundi
- Bill of exchange
- Cheque
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The Correct Option is B
Solution and Explanation
The Negotiable Instruments Act, 1881, officially recognizes promissory notes, bills of exchange, and cheques as negotiable instruments, Hundi,although commonly used in practice, is not formally recognized as a negotiable instrument under this Act.
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