Section 130: Cheque bearing “not negotiable”

The Negotiable Instruments Act, 1881

Chapter- XIV Of Crossed Cheques

Section 130: Cheque bearing “not negotiable”.

130. A person taking a cheque crossed generally or specially, bearing in either case the words “not negotiable,” shall not have, and shall not be capable of giving, a better title to the cheque than that which the person from whom he took it had.


 

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