What is Bank Deposits?

Money placed into a banking institution for safekeeping. Bank deposits are made to deposit accounts at a banking institution, such as savings accounts, checking accounts and money market accounts. The account holder has the right to withdraw any deposited funds, as set forth in the terms and conditions of the account. The "deposit" itself is a liability owed by the bank to the depositor (the person or entity that made the deposit), and refers to this liability rather than to the actual funds that are deposited.

Customer Acceptance Policy:

CB policy for acceptance of customers takes into consideration all factors related to the customer, his activity, his related accounts, and any other relevant indicators. The policy includes adequate description of customers in accordance to their associated risk.

Due Diligence requirements

1-General Rules

1/1 Cb does not open accounts or deal with customers of un-known identity or have fictitious or unreal names.

1/2 Staff should identify and verify the customer's and actual beneficiary's identity whether the customer is a natural or juridical person. 1/3 Staff should apply due diligence procedures for customers and actual beneficiaries in the following cases:

a- Establishing continuous business relationship with new customers. b- Making a casual transactions (or several transactions that seem to be related) for an amount exceeding (QR 75,000) or its equivalent in foreign currencies. c- In case the Bank has any suspicion in respect of accuracy or adequacy of the information obtained in relation to the customer's identity.

1/4 The Bank should not enter into a business relationship or execute any transactions before applying due diligence procedures stipulated in these instructions.

1/5 The Bank may postpone the verification of the customer's identity until after the establishment of the business relationship provided that the verification should happen as soon as possible and that this postponement is necessary for the business requirement, and provided there is control on the risk of Money Laundering and Terrorism Financing.

1/6 In case the Bank enters in a business relationship with the customer and could not complete the verification procedures, it should terminate this relationship and consider notifying the Financial Information Unit immediately as stipulated in the item (Seventh).

1/7 The Bank should update the customer's identification information periodically and every 5 years at the maximum, taking into consideration the customer's risk level, and in the event of any doubt about the identity information or about the customer himself. The Bank should obtain a declaration from the customer determining the actual beneficiary and informing the Bank of any change in his personal data, and an undertaking that he shall provide the Bank with the relevant supporting documents.

1/8. The Bank shall not enter into any correspondent banking relationship with any shell bank. In addition, the Bank should not enter into a correspondent banking relationship or execute any transactions before applying due diligence procedures stipulated in the AML manual..

Know Your Customer:

Know Your Customer (kyc) Policies and Procedures.

The principal source of reputational risk to the bank is an inadvertent association with the customers involved in criminal activity. Laundering of money derived from criminal activity is an area of particular concern to the bank.

A sound KYC program is one of the best tools to detect suspicious activity The objective of the KYC policy is to enable the bank to form a reasonable belief that it knows the true identity of each customer, while implementing a risk based approach for clients to deter & detect attempts to use CB as a platform to place, layer or integrate proceeds of criminal activities through any of its products & services.

General KYC policy Requirements

Verify customer identification evidence confirming the identity of and obtaining sufficient information about customers in order to be able to conclude that they are reputable and involved in legitimate business activities and they are also not “listed” in sanction and warning lists relevant to Qatar.

Establish the reason for the relationship: a clear understanding of the purpose of the

account and the nature of the customer business or employment including the position held.

Determine that the sources of wealth/funds are derived from legitimate sources.

Determine the anticipated volume & level of activity to be conducted across the account

Maintain the necessary information and documents to satisfy regulatory and best practice requirements.

No account to be opened or transaction processed until the personal or commercial valid identity of their individual or legal entity opening the account has been established and verified

KYC should be conducted for all beneficial owners of any account, Power of Attorney Holders, or trustees

Accounts should be reported to AML & CFT Unit if any outstanding identity verifications cannot be resolved ( individual & commercial)

Accounts should be reviewed & reported if it is suspected that the account is funded or the account holders are involved in any illegitimate income/activity.

No account should be opened for any non face to face customers. All accounts should be subject to interview and identity verification .

No account should be opened or retained if there is any evidence of the account being used for any type of “Alternative Remittances,” ex: “Hawala”

Garnishee Order

Garnishee order is court order instructing a bank that funds held on behalf of a debtor should not be released until directed by the court. The order may also instruct the bank to pay a given sum to the judgment creditor from these funds.

What is Push Marketing?

Push marketing brings content to the user. Also known as “traditional marketing,” push is the grandmother of modern marketing. Direct mail marketing, such as catalogs and brochures, are prime examples of push marketing.

What is Pull Marketing?

Yes, you guessed it, pull marketing is the opposite of push marketing. This type of marketing “pulls” a consumer into the business. Meaning: the customer seeks out your company. Today’s consumer is an avid researcher. He or she reads reviews, conducts keyword searches and asks Facebook friends for suggestions. Pull marketing gives you an opportunity to attract the

customers who want answers you already provide. When you see a social media offer for a product you love, this is pull marketing at work.

Push marketing and pull marketing differ in concept and application. Let’s explore the five main differences between push and pull.

1. Terminology

Push Marketing: This is also known as outbound marketing, since it pushes marketing out to customers.

Pull Marketing: This is also known as inbound marketing. The term “inbound” means that your marketing efforts generate a response: interest, inquiries, transactions, etc. That is, customers come to you for answers.

2. Strategy

Push Marketing: Push strategy is about devising ways to place products before prospects. This usually involves some form of paid advertising: TV ads, radio spots, billboards and flyers.

Pull Marketing: Pull makes it easy for customers to find you. The focus is on creating awareness and increasing brand visibility, particularly on the web. Pull marketing strategies include eBooks, white papers, blogs and social media marketing.

3. Channels

Push Marketing: This type of marketing typically starts offline, with a few exceptions. A direct mail postcard is an example of offline marketing. An email offer is a perfect example of how push marketing can translate to the web. You can also combine both. For example, send a postcard that includes a URL to an irresistible online offer.

Pull Marketing: Pull is usually a web-based method. Blog posts, eBooks and other online-content machines are forms of pull marketing that live on the web.

4. Application

Push and pull also differ in application. Let’s consider a few specific examples.

Example 1: Phone

Push:You pick up the phone and cold call a list of prospects

Pull:They call you and place an order, having found your number on your site

Example 2: Direct Mail

Push: You mail out a holiday coupon

Pull: A customer emails you to inquire about your services

5. Engagement

Push Marketing: If done incorrectly, push marketing can be disruptive. As a result, push customers tend to be less engaged. This happens when marketers send a “Hail Mary” to a large swath of customers hoping for a lucky touchdown.

Pull Marketing: Marketing is easy when customers come to you. Pull marketing generally enjoys a higher level of engagement because the customers seek out the companies. Pull marketing can also fail if you target the wrong audience, or betray a customer’s trust.

Product Life Cycle Stages

As consumers, we buy millions of products every year. And just like us, these products have a life cycle. Older, long-established products eventually become less popular, while in contrast, the demand for new, more modern goods usually increases quite rapidly after they are launched.

Because most companies understand the different product life cycle stages, and that the products they sell all have a limited lifespan, the majority of them will invest heavily in new product development in order to make sure that their businesses continue to grow.

Product Life Cycle Stages Explained

The product life cycle has 4 very clearly defined stages, each with its own characteristics that mean different things for business that are trying to manage the life cycle of their particular products.

Introduction Stage – This stage of the cycle could be the most expensive for a company launching a new product. The size of the market for the product is small, which means sales are low, although they will be increasing. On the other hand, the cost of things like research and development, consumer testing, and the marketing needed to launch the product can be very high, especially if it’s a competitive sector.

Growth Stage – The growth stage is typically characterized by a strong growth in sales and profits, and because the company can start to benefit from economies of scale in production, the profit margins, as well as the overall amount of profit, will increase. This makes it possible for businesses to invest more money in the promotional activity to maximize the potential of this growth stage.

Maturity Stage – During the maturity stage, the product is established and the aim for the manufacturer is now to maintain the market share they have built up. This is probably the most competitive time for most products and businesses need to invest wisely in any marketing they undertake. They also need to consider any product modifications or improvements to the production process which might give them a competitive advantage.

Decline Stage – Eventually, the market for a product will start to shrink, and this is what’s known as the decline stage. This shrinkage could be due to the market becoming saturated (i.e. all the customers who will buy the product have already purchased it), or because the consumers are switching to a different type of product. While this decline may be inevitable, it may still be possible for companies to make some profit by switching to less-expensive production methods and cheaper markets.

Product Life Cycle Examples

It’s possible to provide examples of various products to illustrate the different stages of the product life cycle more clearly. Here is the example of watching recorded television and the various stages of each method:

1. Introduction - 3D TVs2. Growth - Blueray discs/DVR

3. Maturity - DVD

4. Decline - Video cassette

The idea of the product life cycle has been around for some time, and it is an important principle manufacturers need to understand in order to make a profit and stay in business.

However, the key to successful manufacturing is not just understanding this life cycle, but also proactively managing products throughout their lifetime, applying the appropriate resources and sales and marketing strategies, depending on what stage products are at in the cycle.

Strategy:

Existing product - Existing Market

Existing product - New Market

New product - Existing Market

New product - New Market

Define Relationship Management

A strategy employed by an organization in which a continuous level of engagement is maintained between the organization and its audience. Relationship management can be between a business and its customers (customer relationship management) and between a business and other businesses (business relationship management).

Relationship management is a focus of the financial and investing industries as a way to identify potential cross-sales of products and services.

12 Fundamentals of Customer Service.

The list is short and to the point – no need to elaborate on simple steps that should bethe norm for all teams interacting with your customer.

1. Answer your phone. It is a pleasant surprise when real people answerphones and are ready to serve.2. Respond to emails and social media contacts fast. Engage andacknowledge.3. Do what you say you are going to do. This strategy solves mostproblems and creates satisfied customers.4. Get it right the first time. First time resolution is expected.

5. Fix problems fast. Apologize sincerely and follow up.6. Stop blaming. Customers don’t care about your internal issues.7. Listen the first time. Let the customer know you heard them to keepthem from repeating.8. Use the customer’s name. This easy step can make a big differencewhen done with respect.9. Make eye contact. When face-to-face, look at the customer and notjust acknowledge from a distance.10. Be sincere and real. Customers are tired of the practiced phrases.Connect and engage.11.Thank the customer. Leave the customer with a positive impression.12. Have fun. Customers want to do business with likeable, happy people.

SBL Regular Deposit Programme ( SRDP )

* If any monthly installment remains unpaid for 5 (five) consecutive months, the account will be closed automatically and the account will be settled as detailed below:-

Relationship/ Tenure Applied InterestLess than 1(one) year No interestMore than 1 year but

less 3 years Savings Rate

More than 3 years but less 5 years

Matured value of 3 years and rest as per prevailing interest rate on savings rate

More than 5 years but less 10 years

Matured value of 5 years and rest as per prevailing interest rate on savings rate.

If failure to pay monthly installment on due dates he/she will pay penalty of Tk. 20/-(Twenty) next subsequent installment.

Monthly Installment, Tenure and Maturity Value will be as per following Schedule:-

Installment / 300 500 1000 2000 2500 5000 10000

Years3 Years 13,000 21,700 43,400 86,800 1,08,600 2,17,200 4,34,4005 Years 24,700 41,400 82,800 1,65,600 2,07,000 4,14,000 8,28,0007 Years 39,900 65,600 1,31,200 2,62,400 3,28,000 6,56,000 13,12,000

10 Years 69,100 1,15,100 2,30,200 4,60,400 5,75,500 11,51,000 23,02,000

SBL Regular Income Programme ( SRIP )

1. SBL Regular Income Program is an income program, which helps you to earn a monthly fixed amount on your deposits at SBL for period of 1 year.

2. Deposit of Tk. 50,000/- (Fifty Thousand) and multiples thereof but maximum limit of Tk. 25,00,000/- (Taka Twenty Five Lac) and Tk. 50,00,000/- (Taka Fifty Lac) at a time for the individual customer and the company respectively. Depositor will earn 12 equal monthly profit.

Depositor can earn money due date as per following schedule:-

Deposit Amount 50,000 1,00,0002,00,0003,00,000 4,00,000 & above

Monthly Interest Payable 500 1,000 2,000 3,000 4,000 & Above

N. P : This schedule changeable.

SBL Double Income Plus ( DI+ ) Programme

1. Deposit of Tk. 10,000/- (Ten Thousand) and multiples thereof will be acceptable under this program.

2. A specially designed receipt shall be issued for the deposit under this program.

3. The instrument shall be issued for 6 years.

4. At maturity after 6 years the depositor will be get double plus (DI+).

5. If any depositor intends to withdraw his deposit before maturity, the following rules will apply :-

No benefit including interest/profit shall be allowed for pre-mature encashment within 1 (one) year.

If the accounts/deposits are closed/en-cashed after 1 (one) year of its opening interest shall be allowed on the deposit at prevailing FDR Interest Rate.

6. The instrument will be acceptable as collateral security against any investment subject to registering lien with the issuing Branch.

7. In case of instrument get lost, the procedure for the issuance of a duplicate receipt will be the same as applicable in case of loss of FDR.

SBL 5 ( Five ) Lacs Savings Scheme

1. Any body can open this scheme by Deposited Tk.5,000/-(five thousand) only per Month.

2. The tenure of the scheme is 6 (six) years.

3. After Six Years Depositor will get Tk. 5,20,000/-.

4. If failure to pay monthly installment on due dates he/she will pay penalty of Tk. 20/-(twenty) on next subsequent installment.

5. In case of premature close of the account the account holder will get savings rate interest but not interest less than 6 (six) months.

6. If 4 (four) consecutive monthly installment unpaid the account will be closed automatically.

SBL 10 ( Ten ) Lacs Savings Scheme

1. Any body can open this scheme by deposited Tk. 4,500/- (four thousand five hundred) only per month.

2. This scheme tenure 10 (Ten) years.

3. After 10 (Ten) years depositor will get Tk. 10,00,000/.

4. If failure to pay monthly installment on due dates he/she will pay penalty of Tk. 20/- (twenty) next subsequent installment.

5. In case of premature close of the account the account holder will get saving rate interest but not interest less than 6 (six) months.

6. If 4 (four) consecutive monthly installment unpaid the account will be closed automatically.

SBL Lakhapoti Plus ( SLP+ ) Programme

1. The depositor will have the option to choose any installment size at the time of opening of the account and will not be allowed change the size of installment afterwards.

2. In case of premature closing of the account minimum after 1 (one) year completion, the account holder will get Saving Rate of Interest only. But no interest will be paid before 1 (one)

year completion of continued payment.

3. In case of premature close of the account the account holder will get savings rate interest but not interest less than 6 (six) months.

4. If any client fails to pay monthly installment on due dates in maximum 4 (four) months he/she will pay penalty of Tk. 20/- (Twenty) per month to the next subsequent installment.

5. If any client fails to pay 4 (four) consecutive monthly installments the account will be closed automatically.

Monthly Installment, Tenure and Maturity Value will be as per following Schedule :

Monthly Installment Tenure Amount to be paid after

Maturity3,800 2 Years 1,03,4602,600 3 Years 1,12,9501,400 5 Years 1,15,090

800 7 Years 1,33,800600 10 Years 1,38,210

SBL Millionaire Plus ( SMP+ ) Program

1. The depositor will have the option to choose any installment size at the time of opening of the account and will not be allowed change the size of installment afterwards.

2. In case of premature closing of the account minimum after 1 (one) year completion, the account holder will get Saving Rate of Interest only. But no interest will be paid before 1 (one) year completion of continued payment.

3. In case of premature close of the account the account holder will get savings rate interest but not interest less than 6 (six) months.

4. If any client fails to pay monthly installment on due dates in maximum 4 (four) months he/she will pay penalty of Tk. 20/- (Twenty) per month to the next subsequent installment.

5. If any client fails to pay 4 (four) consecutive monthly installments the account will be closed automatically.

Monthly Installment, Tenure and Maturity Value will be as per following Schedule :

Monthly Installment Tenure Amount to be paid after

Maturity24,000 3 Years 10,30,00013,500 5 Years 10,67,000

9,000 7 Years 10,90,0005,500 10 Years 10,75,0003,800 13 Years 10,77,000

Definition of " Partnership", "partner", firm" and "firm name"-

"Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.

Persons who have entered into partnership with one another are called individually " partners" and collectively " a firm" , and the name under which their business is carried on is called the " firm name"

Types of partnership firm

TYPES OF PARTNERSHIP FIRM1. General or Unlimited PartnershipA partnership in which the liability of all the partners is unlimited is known as unlimited partnership. All the partners can take part in the working of the business. In India, only this kind of partnership exists. General partnership can be classified into three types such as partnership-at-will, particular partnership and joint venture. They are discussed below.a. Partnership–at–willPartnership-at-will is a partnership which is formed to carry on business without specifying any period of time. The life of such a partnership continues as long as the partners are willing to continue it as such. The partnership can be terminated, if any partner notifies his desire to quit.b. Particular PartnershipIt is a partnership established for a stipulated period of time or for the completion of a specified venture. It automatically comes to an end with the expiry of the stipulated period or on the completion of the specified venture, as the case may be. For example, a partnership may be created for one year only. When thetime lapses, the partnership comes to an end.c. Joint VentureA joint venture is a temporary partnership which is formed to complete a specific venture or job

during a specified period of time. Every partner does not have the right of implied agency. No partner can withdraw his interest in the firm before the completion of the venture. For example, a partnership is formed for the construction of a building. The partnership comes to an end if the construction is over.2. Limited PartnershipA partnership in which the liability of the partner is limited is called limited partnership. The Law does not permit the formation of a limited partnership in India. But in Europe and U.S.A. limited partnership is allowed. A limited partnership firm must have at least one partner whose liability is unlimited. The liability of remaining partners is limited. Thus limited partnership consists of two types of partners, general partner and limited partner.

Types of Partners:

The kinds of partners are as follows:

Active partner

The partner takes active part in the affairs of the firm and enjoys full voice in its management.

Sleeping or Dormant partner

The partner voluntarily surrenders the right to take part in the affairs of the firm and has no voice in its management. to the outsiders the partner is not known but the liability is unlimited.

Nominal partner

The partner only lends his/her name and credit to the firm. on the strength of the reputation and goodwill of nominal partner, the firm may attract additional business and capital. the partner may or may not be given share in the profit but he never takes any active part in the management of the business however such partner is known to the outsiders as the partner of the firm and therefor he is held liable to the third parties.

Minor partner

According to section 30 indian partnership act 1932 a partner below 18 years of age can enter into partner ship but the liability is limited by his share in the partner ship capital within six months from attaining the age of majority such partner has to give public notice to the desire to continue in the partner ship firm. if he wants to continue after attaining majority such partner will be regarded as the full fledged partner with unlimited liability.

Holding out partner

A person may represent himself or may knowingly permit him to be represented as a partner of firm. such as person directly or indirectly holding him as a partner shall be liable as a partner for the obligation created on the misrepresentation. he will, ofcourse, not be entitled for any rights of the partner ship.

Partner by estoppel

If a person by oral or written or with an activity if he creates a belief to the outsiders that he is a partner in a certain firms and with that belief outsiders give loan to that firm or sell goods on credit, in such case, he cannot say that he is a partner. such a partner is called as a partner by estoppel. this type of partner doesn't pay capital and interfere in the affairs of the firm.

Secret partner

The partner doesn't disclose his name as a partner in a certain firm before public. he keeps his name as a secret. such a partner is called secret partner. though his name was secret he cannot escape from the debts of the firm.

Partner in profits

The partner enters in to the partnership firm with the understanding that he will be shared only in profits but also in losses. such a partner is called partner in profits. but such partner is fully responsible for the firm debts.

Out going partner

The partner will go out voluntarily with out dissolution of the firm. such a partner is called outgoings partner. such a partner is responsible for firm debts during his tenure as a partner. on the date of his outgoing if such a partner gives public notice by stating that he going out from the partner ship from there after he will not be responsible for any debts of the firm.

Incoming partner

With the consent of other partners if a new partner joins in the running partner ship firm such a partner is called incoming partner. he will not be responsible for the debts of the firm prior to his joins period. in general, incoming partner pays amount to the existing partners in the form of good will as per the partnership agreement.

Section39 DISSOLUTION OF A FIRM. The dissolution of a partnership between all the partners of a firm is called the "dissolution of the firm".

Section40 DISSOLUTION BY AGREEMENT. A firm may be dissolved with the consent of all the partners or in accordance with a contract between the partners.

Section41 COMPULSORY DISSOLUTION. A firm is dissolved (a) by the adjudication of all the partners or of all the partners but one as insolvent, or (b) by the happening of any event which makes it unlawful for the business of the firm to be carried on or for the partners to carry it on in partnership : Provided that, where more than one separate adventure or undertaking is carried on by the firm, the illegality of one or more shall not of itself cause the dissolution of the firm in respect of its lawful adventures and undertakings

Section42 DISSOLUTION ON THE HAPPENING OF CERTAIN CONTINGENCIES.

Subject to contract between the partners a firm is dissolved (a) if constituted for a fixed term, by the expiry of that term; (b) if constituted to carry out one or more adventures or undertakings, by the completion thereof; (c) by the death of a partner; and (d) by the adjudication of a partner as an insolvent.

Section43 DISSOLUTION BY NOTICE OF PARTNERSHIP AT WILL.

(1) Where the partnership is at will, the firm may be dissolved by any partner giving notice in writing to all the other partners of his intention to dissolve the firm.

(2) The firm is dissolved as from the date mentioned in the notice as the date of dissolution or, if no date is so mentioned, as from the date of the communication of the notice.

Section44 DISSOLUTION BY THE COURT.

At the suit of a partner, the Court may dissolve a firm on any of the following grounds, namely :- (a) that a partner has become of unsound mind, in which case the suit may be brought as well by the next friend of the partner who has become of unsound mind as by any other partner; (b) that a partner, other than the partner suing, has become in any way permanently incapable of performing his duties as partner;

(c) that a partner, other than the partner suing, is guilty of conduct which is likely to affect prejudicially the carrying on of the business regard being had to the nature of the business;

(d) that a partner, other than the partner suing, willfully or persistently commits breach of agreements relating to the management of the affairs of the firm of the conduct of its business; or otherwise so conducts himself in matters relating to the business that it is not reasonably practicable for the other partners to carry on the business in partnership with him;

(e) that a partner, other than the partner suing, has in any way transferred the whole of his interest in the firm to a third party, or has allowed his share to be charged under the provisions of rule 49 of Order XXI of the First Schedule to the Code of Civil Procedure, 1908, or has allowed it to be sold in the recovery of arrears of land revenue or of any dues recoverable as arrears of land revenue due by the partner;

(f) that the business of the firm cannot be carried on save at a loss; or

(g) on any other ground which renders it just and equitable that the firm should be dissolved.

NEGOTIABLE INSTRUMENT.

(a) Except as provided in subsections (c) and (d), "negotiable instrument" means an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges described in the promise or order, if it:

(1) is payable to bearer or to order at the time it is issued or first comes into possession of a holder;

(2) is payable on demand or at a definite time; and

(3) does not state any other undertaking or instruction by the person promising or ordering payment to do any act in addition to the payment of money, but the promise or order may contain (i) an undertaking or power to give, maintain, or protect collateral to secure payment, (ii) an authorization or power to the holder to confess judgment or realize on or dispose of collateral, or (iii) a waiver of the benefit of any law intended for the advantage or protection of an obligor.

Essential Features of Negotiable Instruments are given below:

1. Writing and Signature:

Negotiable Instruments must be written and signed by the parties according to the rules relating to Promissory Notes, Bills of Exchange and Cheques. Demand Drafts are also construel as Negotiable Instruments in the limiting case as they have the same property as N.I. Instrumes.

2. Money:

Negotiable instruments are payable by legal tender money of India. The liabilities of the parties of Negotiable Instruments are fixed and determined in terms of legal tender money.

3. Negotiability:

Negotiable Instruments can be transferred from one person to another by a simple process. In the case of bearer instruments, delivery to the transferee is sufficient. In the case of order instruments two things are required for a valid transfer: endorsement (i.e., signature of the holder) and delivery. Any instrument may be made non-transferable by using suitable words, e.g., “pay to X only.”

4. Title:

The transferee of a negotiable instrument, when he fulfils certain conditions, is called the holder in due course. The holder in due course gets a good title to the instrument even in cases where the title of the transferrer is defective.

5. Notice:

It is not necessary to give notice of transfer of a negotiable instrument to the party liable to pay. The transferee can sue in his own name.

6. Presumptions:

Certain presumptions apply to all negotiable instruments. Example: It is presumed that there is consideration. It is not necessary to write in a promissory note the words “for value received” or similar expressions because the payment of consideration is presumed. The words are usually included to create additional evidence of consideration.

7. Special Procedure:

A special procedure is provided for suits on promissory notes and bills of exchange (The procedure is prescribed in the Civil Procedure Code). A decree can be obtained much more quickly than it can be in ordinary suits.

8. Popularity:

Negotiable instruments are popular in commercial transactions because of their easy negotiability and quick remedies.

9. Evidence:

A document which fails to qualify as a negotiable instrument may nevertheless be used as evidence of the fact of indebtedness.

Who can be paid money of a cheque?

Payee Bearer

Endorse