Legal Question in Banking Law in India
Who are the parties to negotiable Instrument
Asked on 7/14/15, 9:23 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
14.07.2015
Dear Sir / Madam,
Following are the prevailing legally valid Negotiable Instruments in India :
01. Cheque
02. Demand Draft
03. Pay Order
04. Bill of Exchange
05. Promissory Note &;
06. Certificate of Deposit
Primarily, the three parties in any negotiable instrument are :
a).Drawer;
b) Drawee and;
c). Payee
Regards,
Answered on 7/14/15, 9:55 am
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