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Indian Laws - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Negotiable Instruments - Cheque - To restrain negotiability, ...

Case Laws     Indian Laws

April 1, 2016

Negotiable Instruments - Cheque - To restrain negotiability, addition of words 'Not Negotiable' or “Account Payee Only' is necessary. A crossed bearer cheque can be negotiated by delivery and crossed order cheque by endorsement and delivery. Crossing affords security and protection to the holder of the cheque - HC

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