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Tag Archives: what is inchoate negotiable instrument

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What is the meaning of Inchoate cheque?

Negotiable Instrument ActBy Surendra NaikMay 31, 2017

 A cheque signed by a drawer of cheque without completing the material particulars such as date, amount or name of the payee, it is known as an inchoate or incomplete cheque. When the drawer of a cheque hands over an inchoate cheque to a payee, prima facie he has given authority to the payee to…

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