-------------- is a person who became the possessor or payee of a negotiable instrument for a consideration.

Related MCQs

• __________ means signing on the back of negotiable instrument with a view to transfer the title in the instrument to another person
• Mere signature of the payee on the reverse of the instrument is called ___________endorsement
• As per the Act Negotiable instrument means--------
• Crossing is a direction to the---------------bank to pay the cheque to the payee through a bank.
• -----------cheque cannot be transferred from one person to another person by mere delivery.
• ______________ is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid
• The insurer agrees to compensate the insurer in consideration of a sum of money is called
• _________is an instrument which is used for transfer of funds
• ---------cheque is easily transferred from one person to another by mere delivery
• The mechanism by which a person can make purchases without immediate cash payment