When a promissory note, bill of exchange or cheque is transferred to any person,
so as to constitute that person the holder thereof, the instrument is said to be negotiated.
Chapter II — OF NOTES, BILLS AND CHEQUES
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When a promissory note, bill of exchange or cheque is transferred to any person,
so as to constitute that person the holder thereof, the instrument is said to be negotiated.
Printed from Law on Tips • The Negotiable Instruments Act, 1881