Discussion Forum : Nabard & Other Bank Examinations
Question -
In Negotiable Instruments Act, the Cheque is covered under which section?
Answer: Option C
THE CHEQUE AS A NEGOTIABLE INSTRUMENT. CHEQUES ARE NOT MERELY ORDERS TO A BANK TO MAKE A PAYMENT, THEY ARE TRANSFERABLE ORDERS AND, IF NOT MARKED ‘NOT NEGOTIABLE’, THEY ARE NEGOTIABLE INSTRUMENTS. IT’S COVERED IN SECTION 6 OF NEGOTIABLE INSTRUMENTS ACT.
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THE CHEQUE AS A NEGOTIABLE INSTRUMENT. CHEQUES ARE NOT MERELY ORDERS TO A BANK TO MAKE A PAYMENT, THEY ARE TRANSFERABLE ORDERS AND, IF NOT MARKED ‘NOT NEGOTIABLE’, THEY ARE NEGOTIABLE INSTRUMENTS. IT’S COVERED IN SECTION 6 OF NEGOTIABLE INSTRUMENTS ACT.
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