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The term “Negotiable Instrument” is defined in Negotiable Instrument Act, 1881 under which section
Section 2
section 3
Section 12
Section 13
- Section 2: This section gives the definitions of various terms used in the Negotiable Instruments Act, 1881, but does not define "Negotiable Instrument" itself.
- Section 3: This section is not related to the definition of Negotiable Instruments. It deals with interpretation of other terms.
- Section 12: This section also doesn’t define "Negotiable Instrument". It is about instrument payable to order.
- Section 13: This is the correct section. Section 13 of the Negotiable Instruments Act, 1881, defines what a negotiable instrument is, including promissory notes, bills of exchange and cheques.
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