Principles of Insurance and Banking By Dr. S. Kundu Pdf
Download Principles of Insurance and Banking By Dr. S. Kundu Pdf book free online – from Principles of Insurance and Banking By Dr. S. Ku ndu Pdf book; This book describes the following topics: Banking Law and Regulation, Banker-Customer Relationship, Modes of creating charge, Securities for bank advances, Contracts of guarantees and indemnity, Capital Adequacy and NPAS In Banks.
In the words of Justice, Willis, “A negotiable instrument is one, the property in which is acquired by anyone who takes it bonafide and for value notwithstanding any defects of the title in the person from whom he took it”. Thus, the term, negotiable instrument means a written document which creates a right in favour of some person and which is freely
transferable. Although the Act mentions only these three instruments (such as a promissory note, a bill of exchange and cheque), it does not exclude the possibility of adding any other instrument Principles of Insurance and Banking By Dr. S. Kundu Pdf
Negotiable Instruments Act states that a negotiable instrument is a promissory note, bill of exchange or a cheque
payable either to order or to bearer. Principles of Insurance and Banking By Dr. S. Kundu Pdf
A promissory note is an instrument in writing (note being a bank-note or a currency note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money to or to the order of a certain person, or to the bearer of the instruments.” Principles of Insurance and Banking By Dr. S. Kundu Pdf
When the endorsement contains not only the signature of the endorser but also the name of the person in whose favour the endorsement is made, then it is an endorsement in full. Thus, when endorsement is made by writing the words “Pay to A or A’s order,” followed by the signature of the endorser, it is an endorsement in full. In such an endorsement, it is only the endorsee who can transfer the instrument. Insurance