Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Law Officer Banking Regulations Negotiable Instruments Act, 1881
X indorses a bill to aY, Y in favour of Z and Z in favour M and M in favour of P and P thereafter the instrument by negotiation to X, the result is to make X is liable as original indorser and also as last indorsers. This is called as:
1
Regular Indorsement
2
Negotiation Back
3
Facultative Indorsement
4
None of the above