Negotiable instruments act, 1881
This query is : Resolved
03 March 2013
Hello
One of the essential characteristic of a Negotiable Instrument is that it must be payable to either order or bearer. Could you please explain me the meaning of "order" and "bearer"?
Thank You
One of the essential characteristic of a Negotiable Instrument is that it must be payable to either order or bearer. Could you please explain me the meaning of "order" and "bearer"?
Thank You
04 March 2013
WHERE IS TERM ORDER MEANS "THE PERSON DIRECTED BY WRITER OF INSTRUMENTS".
AND BEARER MENAS " THE PERSON WHO CARRIES THE INSTRUMENT AT THE TIME OF PAYMENT.
AND BEARER MENAS " THE PERSON WHO CARRIES THE INSTRUMENT AT THE TIME OF PAYMENT.
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