Section 46 of NIA : Section 46: Delivery
NIA
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Explanation using Example
Imagine John writes a cheque to pay for his new laptop. The cheque is a promissory note made payable to the electronics store. John signs (indorses) the cheque and hands (delivers) it to the store clerk. This act completes the transaction, and the store now has the right to the money promised in the cheque.
However, suppose John tells the clerk that the cheque should only be cashed after his salary is deposited the fo...
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