Question

Which one of the following is not a negotiable instrument?

• A. Sale Deed
• B. Cheque
• C. Bill of Exchange
• D. Promissory note

Hint:

A negotiable instrument is a written document that promises to pay a specific sum of money to the holder, such as a cheque or promissory note.

Answer 1

The Correct Option is A

A negotiable instrument is a document guaranteeing the payment of a specific amount of money either on demand, or at a set time. Common examples of negotiable instruments include cheques, bills of exchange, and promissory notes.
A Sale Deed, however, is a legal document used to transfer the ownership of property, and it does not fall under the category of negotiable instruments, as it does not guarantee the transfer of money.
Thus, the correct answer is Sale Deed.