The NEGOTIABLE

INSTRUMENTS Act,
1881
Hand written Notes by CJ
CA Chaitanya Jain
AT THE TIME OF CREATION = IMP OF DELIVERY
Death
- - -
had
Y
appe Chadda
im
Indorsed the cheque ↓,
&
signed it
found
Cheque *
* Named-Chadda

kept in the drawer

in
Drawer
Holder ?
X Delivery X Negotiation No
AT THE TIME OF NEGOTIATION
Bade

Chequea
-

Bachhan

In
① M

& itI de
endorse
endorse as
NOT POSSIBLE
o
Representative
Bachhanlal

Legal Representative # Agenty deceased .

[ 7
Case : - Executed but Not delivered .

Endorsed
 NEGOTIATION - TYPES (SECTION -

14)
why ?
↓
(Transfer) of OWNERSHIP

To make the
other DELIVERY INDORSEMENT
person
+
HOLDER ↓ DELIVERY
Payable to
↓
BEARER 47
48 Payable
to

↓ ORDER
#) af-Bearer
#) -ORDER
I
SPECIFIED Person

Sony
it Last
Ist
#CANK Endorsement Transfer &
Prohibition at al
WHEN A NI = delivered on a CONDITION
of

MR ·

CERTAIN EVENT
PN
Amit Bharat

!
Payable wins MR .

if Pakistan
&

only the against

Match

Not
negotiable until the event/condition isfulfilled
Holder In due course =
Value = without
Exception :-

Knowledge
MR Etht
Match
Before
.

MR .

Bharat Outcome of match USA

S I USA
7
Amit
HOLDER $HOLDER IN DUE COURSE

URGENT need

000/ -
-I,
Booti 100 , Imli Hajmola
-
-
PN (Pressure)
AIDC-IF-
① Due date
Before -

② Good faith -

③ Without knowledge-
of deect/issue
 Bahubali > Bhallal
ACHOATE INSTRUMENT
- - -

PROMISE
complete : whole or
In No

~
-

>
date
-

Partial -
Date
Y ?
-

-
Amount ang .

STAMP I
= Intention 500 oo
-
SUE

Rajmata
.

Bhallal to
H
Y
-
Good faith
-
No knowledge
-
Value
UNDERSTAND BASIC OF Promissory Note & Bill of Exchange

PROMISE
PN =D Maker Payee

BOE FD Drawer ORDER Payee

(c)
↓
Drawea tall
Fut Instrument
RULES FOR INLAND Instrument INLAND

STEP 1
: -> COMPULSORY CONDITION - CC
-

1) India if Made/Drawnl Zes 11

STEP 2 : SECONDARY CONDITION -

> Cats) SC

S
Payable In India

Drawn
OR

on ROI
a jth I
It 314G s i Y
If CC d) then No need to check So