A document may be a negotiable instrument even if it does not satisfy the requirements of the Bills of Exchange Act.

Question

Quizplus · Accepted Answer

While the Bills of Exchange Act sets out the requirements for a document to be considered a negotiable instrument, there may be other laws or circumstances that allow a document to be considered negotiable even if it does not meet these requirements. For example, a promissory note or cheque that does not comply with all the formal requirements of the law may still be considered negotiable if it is intended to be used as such, and if the parties involved treat it as such. Additionally, some jurisdictions may have their own laws or regulations regarding negotiable instruments that deviate from the requirements set out in the Bills of Exchange Act.

A Document May Be a Negotiable Instrument Even If It