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Commerce · Q927

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 927

Q927

The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to:

A.
the transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder there of
Answer
B.
the payment by a bank on a negotiable instrument after due verification of the instrument
C.
the bargaining between the parties to a negotiable instrument
D.
all of the above

Answer: Option A

Solution

Answer: Option A
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