pooja rani

It means a document transfer by delivery. It is a act. In which three type of instruments like promissory note, bill of exchange, cheque.

This three are law and usage of custom are share warranty , government promissory note, hundis etc

Non negotiable instruments are money order, letter of credit, share certificate etc.

quasi negotiable instruments

it’s transfer of delivery or endorsed by better title.

like bill of lading, dock warranty.

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