Negotiable Instrument Act 1881 MCQs – ni act 1881
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A negotiable instrument means a Promissory note, Bill of exchange, Cheque payable either to order or to bearer.
A negotiable instrument means a Promissory note, Bill of exchange, Cheque payable either to order or to bearer.
Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.
An agent is a person employed to do any (lawful) act for another or to represent another in dealing with a third person.
The bailment is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished.
Essentials of a valid contract include Offer and acceptance, Competency of parties, Lawful consideration, Made with Free Consent, Lawful Object,
An agreement must be made between parties by free consent. In other words, the consent must not be obtained from Coercion, Undue influence, Fraud,