Negotiable Instruments Act,18811) codifies the English law relating to promissory note, bill of exchange and cheque. There are not too many works on this important and difficult subject of law and an attempt to add a new one may be probably considered as not altogether superfluous. In bringing out this note care has been taken to explain the subject in a simple, lucid but concise form supported by case laws both Indian and English. Wherever Indian decision just to the point has been found English references have been avoided.
The busy lawyer as well as the practical businessman for whom the work is meant have, in these matter-of-fact days, little time to go through any academic and needlessly elaborate discussion on any subject. Having this in view we have tried to be concise but not at the cost of clearness. This note is exhaustive on points it deals as far as an LLB student or a judicial service aspirant is concerned.