THE NEGOTIABLE INSTRUMENTS ACT 1881

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Across
  1. 3. Bill signed without consideration merely to assist another party financially.
  2. 5. Restrictive crossing of cheque using the words “A/C Payee”.
  3. 6. Person entitled in his own name to possession of the instrument and to receive the amount due.
  4. 7. Minute record made by a notary public upon dishonour of a bill.
  5. 8. Statutory assumptions under Sections 118–119 regarding date, consideration, time of acceptance, etc.
  6. 9. Bill where drawer, payee or both are unreal; enforceable only by a holder in due course.
  7. 11. Indigenous, vernacular form of bill of exchange recognised under Indian mercantile practice.
  8. 12. Instrument delivered conditionally or for a special purpose without intention of passing absolute property.
  9. 15. Offence arising when cheque is returned unpaid and drawer fails to pay after statutory notice.
Down
  1. 1. Cheque crossing specifying the name of a particular bank.
  2. 2. Element legally presumed in every NI unless contrary is proved.
  3. 4. Instrument drawn or made payable in India, or drawn upon a resident in India.
  4. 8. Instrument in writing containing an unconditional undertaking to pay a certain sum of money.
  5. 10. Instrument containing an unconditional order to pay.
  6. 13. A bill of exchange drawn on a specified banker and always payable on demand.
  7. 14. Formal certificate of dishonour based on noting, providing authentic evidence.