Abstract
This chapter discusses the law relating to negotiable instruments as interpreted and applied by Indian courts. The legal requirements and the legal effects of a negotiable instrument such as a bill of exchange or a promissory note or cheque are governed by the Negotiable Instruments Act, 1881. Section 134 of the Act lays down the rule that in the absence of a contract to the contrary in respect of a negotiable instrument, the liability of the maker or drawer of a promissory note, bill of exchange, or cheque is regulated in all essential matters by the law of the place where he made the instrument.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
