NI ACT
WHEN DID THE NI ACT 18881 COME INTO AFFECT MARCH 1, 1882 WHAT WAS THE PURPOSE OF ENACTING NI ACT, GIVE LEGAL FORCE TO COMMERCIAL AND BUSINESS NOTES, USED BILLS OF EXCHANGE AND CHEQUES HOW MANY chapters are THERE IN NI ACT 17 Chapter WHICH TYPES OF INSTRUMENTS are covered by promissory notes, BILLS OF EXCHANGE AND CHEQUES HOW IS CHWQUE DEFINED? SEC 6 DEFINES CHQUE: A TYPE OF BILL OF EXCHANGE DRAWN ON A SPECIFIC BANK AND PAYABLE ON DEMAND TO THE PAYEE OR ORDER INTO HOW MANY SECTIONS IS NI ACT DIVIDED 148 SECTIONS AND 17 CHAPTERS WHAT IS NOT CONSIDERED NI ACT IS SALE DEED NEGOTIABLE MEANS TRANSFERABLE FROM ONE PERSON TO ANOTHER BY SIGNATURE AND HAND OVER WHAT IS AN INSTRUMENT MEAN: A FORMAL WRITTEN DOCUMENT THROUGH WHICH A RIGHT OF A PERSON IS CERTIFIED - RIGHT TO RECEIVE MONEY WHO IS DRAWER UNDER NI ACT: PERSON WHO ISSUES THE NI IS ITS DRAWER, MAKER OF BILL OF EXCHANGE OR CHEQUE IS DRAWER WHA IS DEFINED IN SEC 4 PROMISSORY NOTE A...