Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

State the nature of below instruments in terms of Negotiable Instruments Act, 1881 and also state its validity: i. Pay Rs. 100,000 to Asad along

State the nature of below instruments in terms of Negotiable Instruments Act, 1881 and also state its validity:

i. Pay Rs. 100,000 to Asad along with mark-up of Rs. 10,000 three months from today;

ii. I admit that I have obtained Rs. 50,000 from Imran and will pay the interest to him on the amount at agreed interest rate;

iii. I promise to pay Waleed USD 10,000 alongwith applicable interest;

iv. Pay ______________________ or bearer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dynamic Business Law The Essentials

Authors: Nancy Kubasek, Neil Browne, Daniel Herron

4th edition

1260110699, 9781260110692, 9781259723582, 1259723585, 978-1259917103

More Books

Students also viewed these Law questions

Question

Please help me evaluate this integral. 8 2 2 v - v

Answered: 1 week ago