2019•Oxford University Press eBooksRequires access
Negotiable Instruments
V.C. Govindaraj
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Abstract
This chapter discusses the law relating to negotiable instruments as interpreted and applied by Indian courts. The legal requirements and the legal effects of a negotiable instrument such as a bill of exchange or a promissory note or cheque are governed by the Negotiable Instruments Act, 1881. Section 134 of the Act lays down the rule that in the absence of a contract to the contrary in respect of a negotiable instrument, the liability of the maker or drawer of a promissory note, bill of exchange, or cheque is regulated in all essential matters by the law of the place where he made the instrument.