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Section 11 - Inland Instrument, Section 12 - Foreign Instrument : Negotiable Instruments Act 1881

 

 

What is Inland Instrument?  What is Foreign Instrument? Inland instrument and foreign instrument are defined defined under Section 11 and 12 of Negotiable Instruments Act 1881

Section 11 of Negotiable Instruments Act 1881: "Inland Instrument"

A promissory note, bill of exchange or cheque drawn or made in India and made payable in, or drawn upon any person resident in India shall be deemed to be an inland instrument.

 

Section 12 of Negotiable Instruments Act 1881: "Foreign Instrument"

Any such instrument not so drawn, made or made payable shall be deemed to be foreign instrument

 

Negotiable Instruments Act 1881

CHAPTER II NOTES, BILLS AND CHEQUES

Section 4 - Promissory Note

Section 5 - Bill of exchange

Section 6 - Cheque

Section 7 - Drawer, Drawee

 

 

Section 8 - Holder

Section 9 - Holder in Due Course

Section 10 - Payment in due Course

Section 11 - Inland Instrument

Section 12 - Foreign Instrument

 

 

Section 13 - Negotiable Instrument

Section 14 - Negotiation

Section 15 - Endorsement

Section 16 - Endorsement in blank and in full endorsee

 

 

Section 17 - Ambiguous instruments

Section 18 - Where amount is stated differently in figures and words

Section 19 - Instruments payable on demand

Section 20 - Inchoate stamped instruments

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