Title: The Negotiable Instruments Act, 1881
Description: The Negotiable Instruments Act, 1881, is a law in India that governs promissory notes, bills of exchange, and cheques. It provides a legal framework for these instruments, defining their characteristics, establishing rules for their creation, transfer, and payment, and outlining the rights and responsibilities of parties involved. The Act also addresses issues like dishonor of cheques and includes provisions for penalties.
Subjects: Negotiable instruments
Places: India