Understanding the Negotiable Instruments Act and Bank Holidays

Negotiable instruments are legal documents facilitating secure financial transactions, including promissory notes, cheques, and bills. The rights of parties encompass entitlements to recover funds, claims post-payment, and access to specified amounts. Liabilities include the drawer's accountability upon dishonour, the drawee's obligation to pay, and the endorser's liability to subsequent holders. Bank holidays influence transactions under Section 25, ensuring alignment with banking schedules...