Open Negotiable-Instruments-Understanding-the-Basics_(1)[1]
Open Negotiable-Instruments-Understanding-the-Basics_(1)[1]
UTTARAKHAND
UNIVERSITY
ASSIGNMENT
BUSINESS LAW
Topic :
• Negotiable Instrument ( Types )
• Cheque ( Types )
• Endorsement( Dishonor of Cheque )
Negotiable Instruments:
Understanding the Basics
• Types of N.I.
1 Payee
2 Drawer
3 Drawee
Order Cheque
Pays the specified amount to the person or entity named on the cheque.
Crossed Cheque
A crossed cheque is a cheque that has been marked specifying an instruction on the way it is
to be redeemed
2 Consequences
Legal implications, loss of credibility, and potential financial penalties for the drawer.
3 Safeguards
Best practices for maintaining sufficient funds and vigilance in signing and issuing cheques.