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CHAPTER IV OF NEGOTIATION

Section 48: Negotiation by indorsement

The Negotiable Instruments Act, 1881

Subject to the provisions of section 58, a promissory note, bill of exchange or cheque 1[payable to order], is negotiable by the holder by indorsement and delivery thereof.

Footnotes in the official text

  1. 1.Subs. by Act 8 of 1919, s. 4, for “payable to the order of a specified person, or to a specified person or order”.

Questions on this section

1 question in 6 of our papers cite Section 48.

Practise questions on Negotiable Instruments Act, 1881