Section 138 Of Negotiable Instruments Act

Analysis of Section 138 Negotiable Instrument Act

Negotiable Instruments are considered to be convenient method of transactions in commercial relations. With the advancement of banking sector and with all other benefits of banking system, cheque has become one of the widely used Negotiable Instrument. A cheque is a negotiable instrument that is acknowledged is readily accepted in lieu of payment of money. However, with the passage of…

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