Law of Negotiable instruments
Promissory Notes, Bills of exchange and cheques
- What is a bill of exchange? How does it differ from a promissory note and a cheque?
- Define promissory note. Distinguish it from a bill of exchange?
- 3. What is meant by the term ‘crossing a cheque’? What are the various types of crossings?
- Distinguish between general and specific crossing.
- Define the term ‘endorsement’. What are the various types of endorsements?
- Discuss the rules regarding negotiation of a lost instrument, a forged instrument, an instrument obtained by fraud, or for unlawful considering.
Dishonor of Negotiable Instrument
- What is meant by dishonor of a negotiable instrument?
- In what ways does dishonor of a bill by non-acceptance take place?
- Is a bill treated as dishonor when drawee is incompetent to contract?
- What is meant by nothing?
- Is nothing compulsory?
- What is protest?
- What is meant by dishonor by non-acceptance and dishonor by non-payment?
- State the cases where notice of dishonor is not necessary.
- State the latest provisions(as amended in 2002) relating to bouncing of chequeas.