Which of the following are the Negotiable Instruments?
A negotiable instrument means a promissory note, bills of exchange, or cheques payable to the order or the bearer. The Negotiable act 1881 is the law related to all negotiable instruments such as promissory notes, bills of exchange, and cheques. The meaning of “Negotiable Instruments” means the exchange or give and take of documents from one person to another. The definition of a negotiable instrument is an instrument that cannot be negotiable unless such and in such a state that the true owner could transfer the contract or engagement contained therein by simply delivering the instrument. This is because property in such an instrument is acquired by anyone who takes it honestly and for value, regardless of any title defect in the person from whom he took it.
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