Discuss kinds of negotiable instrument

QuestionsCategory: QuestionsDiscuss kinds of negotiable instrument
john Mack asked 9 months ago

kinds of negotiable instrument

1 Answers
afaq jafri answered 9 months ago

There are many Kinds of Negotiable Instrument

  • Promissory notes.
  • Bill of exchange.
  • Check.
  • Government promissory notes..
  • Customs Receipt

Bill of Exchange : The bill of exchange is government verified documents that force the second party to pay the amount.
Promissory Notes: Promissory Notes means that One Party gives the promise to the seconds party to give sum of money that is mentioned on the documents on decided date.
Check: Check is the safest method of giving the money. In this method the payer gives a paper (that is authorized to the banks)  to the receiver and write down the amount that would be received by receiver. 
 

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