Law · Negotiable Instruments Act
Under Section 13 of the Negotiable Instruments Act, 1881, how is a 'Negotiable Instrument' defined?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1A legal assignment contract transferring non-negotiable claims
- 2A formal declaration made by a Notary Public regarding the dishonor of a bill
- 3A non-transferable oral agreement between parties for the exchange of goods
- 4A promissory note, bill of exchange, or cheque payable either to order or to bearer✓
Correct answer
A promissory note, bill of exchange, or cheque payable either to order or to bearer
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Law?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Negotiable Instruments Act MCQs →Want more practice questions on Negotiable Instruments Act?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Law · Negotiable Instruments Act