Negotiable Instruments

• Condition Note: Some tears on the dustcover, no pen/pencil marks.
   

About the Book:

The law relating to negotiable instruments has tremendous practical importance as a considerable amount of litigation in Indian courts revolves around this sphere. The author of this popular work thus deserves praise for bringing out an updated edition of his book on the subject.

In this book for the first time the subject of negotiable instruments has been dealt with elaborately covering not only the latest case-law on the subject but also the recent amendments in the law relating to negotiable instruments. For example, this is one of the first commentaries that incorporate the changes introduced by the Amendment Act 55 of 2002. The act has ushered in remarkable changes in its wake. The law relating to dishonour of cheques has been made more stringent and the procedure to be followed by the Courts in such cases has been simplified to enable speedy disposal of the cases. The limitation period for the issue of notice in such cases has been increased to 30 days from 15 days. The amendment further provides for the issue and acceptance of cheques in electronic form including truncated cheques in electronic image. It also provides for digital signatures and asymmetric crypto system.

The work gives a detailed commentary on the three kinds of negotiable instruments recognised by the Indian Negotiable Instruments Act, 1882, viz., promissory note, bill of exchange and cheque. A comprehensive introduction, discusses the definition of a Negotiable Instrument and the kinds of negotiable instruments, the rights and duties of the parties as well as the legal conditions to complete the negotiable instrument, all explained in an unambiguous language. A large number of cases relating to cheques, including dishonour of cheques, have been discussed.

Another highlight of the book is its simplicity of explanation combined with a style that ensures easy understanding for the reader. The book will surely prove to be indispensable for lawyers, bankers, financial institutions, businessmen and students.

• Author: Avtar Singh
• Publisher: Eastern Book Company
• Language: English
• Format: Hardcover
• ISBN: 81-7012-855-2