The advent of modern business practices contributed to the growth of newer ways of facilitating financial transactions. Previously, cash was the most common mode of exchanging goods and services for their value. The rise of negotiable instruments, however, brought radical changes in business practices. These days there are several types of such instruments which have made commerce simpler. Let us learn more about the Negotiable Instrument Act.
- Definition of Negotiable Instrument
- Classification of Negotiable Instruments
- Promissory Notes
- Bills of Exchange
- Parties of a Cheque and Essentials
- Crossing and Types of Cheque Crossing
- Liability of Parties – Cheque
- Endorsement of Instruments
- Presentment for Acceptance
- Notice of Dishonor
- Hundi
- NEFT and RTGS