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In Section 13 of the Negotiable Instruments Act of 1881, the phrase “Negotiable Instrument” is defined. The old French term “negociación,” which meaning interacting with people, trafficking, commerce, and business, is where the word “negotiable” originated. The word “instrument” comes from the old French word “instrumentum,” which denotes a piece of machinery or a tool. … Read More “Sec 138 Negotiable Instrument Act – The Complete Guide” »
Due to a variety of factors, such as the ability to send payments to those without bank accounts using checks or the fact that some people are still unsure of how to utilise online banking, many people still prefer to use checks to make payments. However, incidences of check bounce are becoming more common today, … Read More “Dealing with False Cheque Bounce Case – The Complete guide” »
We live in a world where the internet has taken over and changed the way we do things. The banking sector has also been modernized. The Internet banking service eliminates the need to visit bank branches for services such as money transfers and cash withdrawals. This has greatly reduced the use of checkbooks, deposit slips, … Read More “Cancelled Cheque – What Is It? When Do You Need It?” »
