ENDORSEMENT
BANKING & FINANCE

ENDORSEMENT OF NEGOTIABLE INSTRUMENT | ESSENTIALS & KINDS

What is Endorsement of Negotiable Instrument? According to section 15 of the Negotiable Instrument Act, the endorsement has been defined as follows: “When the maker or the holder of negotiable instrument signs the same, otherwise than as such maker, for the purpose of negotiation, on the back or face thereof or on a slip of […]

NEGOTIATION
BANKING & FINANCE

WHAT IS NEGOTIATION | CONDITIONS AND MODES OF NEGOTIATION

What is Negotiation?  The negotiation has been defined under section 34 of The Negotiable Instrument Act as follows: ‘When a promissory note, bill of exchange or cheque is transferred to any person so as to constitute that person the holder thereof, the instrument is said to be negotiated”. CONDITIONS OF NEGOTIATION When we analyze this […]

DISHONOUR OF CHEQUE
BANKING & FINANCE

DISHONOUR OF CHEQUE | 21 REASONS WHY YOUR CHEQUE IS DISHONOURED

What is Dishonour of Cheque? A banker can terminate the payment of a customer’s and can dishonour of cheque. The following are the main 21 reasons that why cheque of a customer is dishonour or we can say that main conditions and circumstances in which the bank can dishonour the cheque of the customers. 21 REASONS […]