The term lsquo Negotiable Instrument rsquo is defined in the Negotiable Instrument Act 1881 under se...........

Negotiable instrument Act Others

The term ‘Negotiable Instrument’ is defined in the Negotiable Instrument Act,1881 under section

13A

13B

Explanation:

- Option 1: Section 12 of the Negotiable Instruments Act, 1881, does not define 'Negotiable Instrument.' It deals with the explanation of what constitutes a 'Negotiable Instrument,' focusing on the characteristics like being transferable.

- Option 2: Section 13 of the Negotiable Instruments Act, 1881, defines what a 'Negotiable Instrument' is. This section provides the definition and outlines types such as promissory notes, bills of exchange, and cheques.

- Option 3: Section 13A does not exist in the Negotiable Instruments Act, 1881. This may be a typographical error or a misunderstanding of the Act.

- Option 4: Section 13B, similarly, does not exist in the Act. Any reference to it might be a mistake.