The Negotiable Instruments Act

Delivery

Negotiation by delivery

Negotiation by indorsement

Conversion of indorsement in blank into indorsement in full

Effect of indorsement

Who may negotiate

Indorser who excludes his own liability or makes it conditional

Holder deriving title from holder in due course

Instrument indorsed in blank

Indorsement for part of sum due

Legal representative cannot by delivery only negotiate instrument indorsed by deceased

Instrument obtained by unlawful means or for unlawful consideration

Instrument acquired after dishonour or when overdue

Instrument negotiable till payment or satisfaction


OF NEGOTIATION


No writing on a negotiable instrument is valid for the
purpose of
negotiation if such writing purports to transfer only a part of the amount appearing to be due on the
instrument; but where such amount has been partly paid, a note to that effect may be indorsed on the
instrument, which may then be negotiated for the balance.

LAWGIST

# 56 Indorsement for part of sum due