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By Kunal Mandhania Sir: The Negotiable Instrument Act, 1881

The document discusses key concepts related to the Negotiable Instrument Act of 1881, focusing on topics such as the bouncing and dishonor of cheques. It explains inchoate and floated instruments, highlighting the rights of payees and holders to complete incomplete instruments. Additionally, it touches on considerations in negotiations and the implications of missing elements in instruments.

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rajakvishal497
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18 views8 pages

By Kunal Mandhania Sir: The Negotiable Instrument Act, 1881

The document discusses key concepts related to the Negotiable Instrument Act of 1881, focusing on topics such as the bouncing and dishonor of cheques. It explains inchoate and floated instruments, highlighting the rights of payees and holders to complete incomplete instruments. Additionally, it touches on considerations in negotiations and the implications of missing elements in instruments.

Uploaded by

rajakvishal497
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Business Laws Lecture - ⑧8

01

The Negotiable Instrument


Act,1881

By – Kunal Mandhania Sir


1 Bouncing of cheque
2 Dishonor of cheque .

4
&

1 Inchoate instrument

3 -

4
# Floate Instrument
- (Se2)
>
- Incomplete
-
.

>
-
power right to Payee /holder
↓
they can complete it

>
Chai
valid but complete
↓
hai

↓ ⑰
So I
⑦ sign Am I date/ party name
mis
⑪ stamp duly place , etc
paid
missing.
.

⑪ Delivery .
O
⑪> -
Dat ⑨ -

ac
P-N
-
-

Ant missing .
⑮ ·

so
-
las

Actual consideration
-
⑭bir-holder
solac
- =
.

wiring -
Le
f
golac
F
>

⑳a eia de

⑳ ⑳↑ Eamil
Kubla -
Quee Consideration
ag

↓ ⑨ t =

den -
-
Consion.
Canty his Ant claim
-

how much
kat . -
original party e can recover
between
-48CS .

is consideration
them
Yolac
of
>
-
holden gets title
.

Ranbir - >
- =

transferor
Deepika -- --
- It
-
=
HDC claim
Ranveer H - can
mentioned solad
entire ant -

in NI O
subject to
-

stamp duly paid


-

--

Anushka Holden Gets bitte of Ranveer Blac


①.

suppose in above
question if stamp dubt
Fr -

covers only 60 lakh .


Rs
=>

↓
Ranveer ⑪
-

can recover
--

I only Golay :
-

↓
60 las
Annie -
-
&

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