Section 138 of the Negotiable Instruments Act, 1881

First published on Lawyered.in The term ‘Negotiable’ means ‘transfer by endorsement or delivery’ and the term ‘Instrument’ means ‘any legal document in writing, which is created in favour of any person. Therefore, Negotiable Instruments are written statements implying payment of money, either on demand or within a particular time period with the drawer’s/payer’s name on … Continue reading Section 138 of the Negotiable Instruments Act, 1881