NEGOTIABLE INSTRUMENTS: AN OVERVIEW

AUTHOR – DHIVYALAKSHMI T, STUDENT AT GOVERNMENT LAW COLLEGE, COIMBATORE

BEST CITATION – DHIVYALAKSHMI T, NEGOTIABLE INSTRUMENTS: AN OVERVIEW, ILE WEEKLY REVIEW (ILE WR), 1 (4) OF 2023, PG. 16-22, APIS – 3920 – 0037 | ISBN – 978-81-964391-3-2.

ABSTRACT

Negotiable instruments play a crucial role in facilitating commercial transactions by providing a reliable means of transferring rights and obligations between parties. This article provides a comprehensive overview of negotiable instruments, exploring their definition, characteristics, and various types. By examining key examples such as promissory notes, bills of exchange, and checks, we delve into the unique features and functions of each instrument. Furthermore, the article highlights the legal framework governing negotiable instruments, emphasizing the importance of adherence to established rules and regulations. Understanding the different types of negotiable instruments is vital for individuals and businesses alike, as it enables them to navigate the complexities of financial transactions with confidence and security.

KEYWORDS: Negotiable Instrument, Cheque, Promissory Note, Bill of Exchange, Dishonour of Cheque