Negotiable Instruments are written documents creating right to be negotiated. they are easily transferable and contains unconditional commitment to pay.

1. Negotiable Instruments
By Sehrish Saba Raja
Advocate

2. Negotiable Meaning
- Capable of being
Negotiated
- Transferable by
Delivery
- Capable of being
transferred, passed
or negotiate to
another

3. Instrument Meaning
- A written document
by which a right is
created in favour of
someone.
- Those documents
which contains a
declaration in writing
signed by the person
making the
declaration.

4. Types of Negotiable
Instruments
By Statute
- Promissory note
- Bill of exchange
- Cheque
By Custom or
Usage
- Bank Note
- Bill of Lading
- Exchequer Bill

5. Characteristics
•Unconditional commitment
•Signed and in writing
•Payable on fix date or demand
•Fix amount of money
•Delivery of instrument
•Freely transferable

6. Presumptions attached to Negotiable
Instrument
•Of Consideration
•As to Date
•As to time of acceptance
•As to time of transfer
•As to holder of instrument