Which of the following instruments is not a negotiable instrument?

Bearer cheque

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Promissory note

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Bill of exchange

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Crossed cheque

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Solution

The correct option is A Crossed cheque
When a cheque, crossed generally or specially, contains the words, “Not Negotiable” on the face of the cheque, then such a cheque loses it special characteristics of “negotiability”.

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Which of the following instrument is not a negotiable instrument :

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