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This document defines and explains negotiable instruments. It discusses promissory notes, bills of exchange, and cheques. 1) Negotiable instruments are signed documents that promise to pay a certain sum of money to a certain person or bearer at a future date or on demand. Examples include promissory notes, bills of exchange, and cheques. 2) Promissory notes contain an unconditional promise by the maker to pay a definite sum of money. Bills of exchange contain an unconditional order by the drawer for the

Author

vasistaharish

Language

EN