https://www.taxtmi.com/acts?id=7593 A negotiable instrument is a promissory note, bill of exchange or cheque payable to order or to bearer; "payable to order" requires expression to a particular person without words prohibiting transfer, while "payable to bearer" follows from bearer expression or a sole/last indorsement in blank. An instrument payable to the order of a specified person is payable to him or his order at his option. Instruments may be payable jointly or alternatively to multiple payees. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7593 A negotiable instrument is a promissory note, bill of exchange or cheque payable to order or to bearer; "payable to order" requires expression to a particular person without words prohibiting transfer, while "payable to bearer" follows from bearer expression or a sole/last indorsement in blank. An instrument payable to the order of a specified person is payable to him or his order at his option. Instruments may be payable jointly or alternatively to multiple payees. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7593