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An instrument to be negotiable must conform to the following requirements: (1) It must be in writing and signed by the maker or drawer; (2) Must contain an unconditional promise or order to pay a sum certain in money; (3) Must be payable on demand, or at a fixed or determinable future time; (4) Must be payable to order ...
Section 13. ''Negotiable instrument''. Previous Next. 1. [(1) A negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer.
That as per the section 143-A of The Negotiable Instrument Act, the court trying an offense under section 138 may order the drawer of the cheque to pay interim compensation to the complainant even where the accused is denying its liability or pleading not guilty to the accusation of the complainant which shall not be ...
Examples of negotiable instruments include bank checks, promissory notes, certificates of deposit, and bills of exchange.