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Negotiable instruments include financial instruments that can be transferred to other parties. They include cheques, promissory notes, bills of exchange and other such media. Such instruments are responsible for millions of dollars of financial fraud globally. Therefore, it is important to have some understanding of what they are, and the laws related to them. In this book, we introduce the concept of negotiable instruments and the laws in India regarding the same, especially the negotiable instruments act and its amendments. We discuss two types of negotiable instruments, promissory notes, and cheques, in more detail. It is hoped that this book will enable the reader to get an idea of different kinds of negotiable instruments and laws in India related to them.
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