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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

What is meant by Negotiable Instrument? - Commerce

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Question

What is meant by Negotiable Instrument?

One Line Answer

Solution

A negotiable instrument is a document that entitles a person to a certain sum of money and which is transferable from one person to another by mere delivery or by endorsement and delivery.

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Introduction to Negotiable Instruments
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Chapter 22: The Negotiable Instruments Act, 1881 - Exercise [Page 203]

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Samacheer Kalvi Commerce [English] Class 12 TN Board
Chapter 22 The Negotiable Instruments Act, 1881
Exercise | Q II. 1. | Page 203
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