Section 130 of NIA : Section 130: Cheque Bearing ''Not Negotiable''

NIA

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Explanation using Example

Imagine that John has a cheque that has been crossed and marked with the words "not negotiable." He received this cheque from his friend, Alice, who owed him some money. Alice had actually received the cheque from her employer, but it had been stolen from her before she could deposit it. The thief sold the cheque to John, who was unaware of its stolen status....

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