Loading....
Coupon Accepted Successfully!

 

Foreign Bill

Section 12 of the negotiable instruments Act provides that all instruments which are not inland instruments are foreign. The following are examples of foreign bills.

  1. A bill drawn in India on a person resident outside India and made payable outside India.
  2. A bill drawn outside India on a person resident outside India.
  3. A bill drawn outside India and made payable in India
  4. A bill drawn outside India and made payable outside India





Test Your Skills Now!
Take a Quiz now
Reviewer Name