The document discusses negotiable instruments such as promissory notes and bills of exchange. It defines a promissory note as a written legal document containing an unconditional obligation by the maker to pay a certain sum of money to a specific person or bearer. A cheque is defined as a bill of exchange drawn on a bank, payable on demand. Negotiable instruments must be presented for payment during business hours or at maturity. The document also discusses payment for honor, where a party already liable on a bill can pay it and have rights to recover the amount from the party for whose honor it was paid, plus interest and expenses.

1. NEGOTIABLE INSTRUMENTS
Presentation by:
Advocate Waseem Iqbal

2.  A Promissory Note is an instrument (legal
document)

3.  A Promissory Note is an instrument (legal
document)
 in writing

4.  A Promissory Note is an instrument (legal
document)
 in writing
 containing an unconditional undertaking

5.  A Promissory Note is an instrument (legal
document)
 in writing
 containing an unconditional undertaking
 signed by the maker

6.  A Promissory Note is an instrument (legal
document)
 in writing
 containing an unconditional undertaking
 signed by the maker
 To pay a certain sum of money

7.  A Promissory Note is an instrument (legal
document)
 in writing
 containing an unconditional undertaking
 signed by the maker
 To pay a certain sum of money
 Only to a certain person or

8.  A Promissory Note is an instrument (legal
document)
 in writing
 containing an unconditional undertaking
 signed by the maker
 To pay a certain sum of money
 Only to a certain person or
 To the bearer of this Promissory Note

18. A "cheque" is a bill of exchange drawn on a
specified banker and not expressed payable
otherwise than on demand.

22.  (Negotiable instruments)
must be presented for
payment during usual hours
of business

23.  If payable at a bank, during the usual banking
hours.

24.  A note or a bill of exchange made payable at
a specified period after date or sight thereof
must be presented for payment at maturity.

25.  A promissory note payable by installments
must be presented for payment on the third
day after the date fixed for payment of each
installment.

26.  A promissory note payable by installments
must be presented for payment on the third
day after the date fixed for payment of each
installment.
 If any installment is not paid on such
presentment, it has same effect as non-
payment of a note a maturity.

29.  The bill must be dishonored for non-payment
 The bill must be noted and protested for non-
payment.
 The person paying or his agent must declare
before the notary public the party for whose
honor he pays.
 The payment for honour must be made for
honor of any party liable to pay on the bill.
 The payment for honor may be made by any
person who is already liable on the bill.

31.  Any person making payment for honor is
entitled to all the rights in respect of the bill,
of the holder at the time of such payment.

32.  Any person making payment for honor is
entitled to all the rights in respect of the bill,
of the holder at the time of such payment.
 he may recover from the party for whose
honor he pays all sum so paid with interest
thereon and all expenses properly incurred in
making such payment.

33. That’s all folks
Thanks for
listening