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This document discusses the requisites for negotiability under the Negotiable Instruments Law (NIL), specifically whether an instrument is payable to order or to bearer. It explains that for an instrument to be negotiable it must meet certain elements, including being payable unconditionally to order or bearer. An instrument is payable to order if it is drawn to the order of a specified person. It is payable to bearer if it expressly states it is payable to bearer, is payable to a person or bearer, or is dr

Author

Lo

Language

EN