Discuss the common features among promissory note, bill of exchange and cheque.
Introduction Promissory notes, bills of exchange, and cheques are three key negotiable instruments governed by the Negotiable Instruments Act, 1881. These instruments play a vital role in facilitating credit and ensuring secure and efficient financial transactions. While each has unique features, they also share several common characteristics. Main Body Definitions Promissory Note (Section 4): A […]
Discuss the common features among promissory note, bill of exchange and cheque. Read More »