Which among the following is NOT included in negotiable instruments?

Correct option is D

Mutual Funds are not negotiable instruments as they are not transferable in the same way as cheques, promissory notes, or demand drafts. A negotiable instrument is a document guaranteeing the payment of a specific amount of money, transferable either by delivery or endorsement.
Information Booster
· Negotiable Instruments Act, 1881: Covers instruments like cheques, promissory notes, and demand drafts, which can be transferred and provide the holder legal rights to claim payment.
· Mutual Funds: These are investment products, not negotiable instruments. Ownership is recorded in the investor's name and cannot be transferred like negotiable instruments.
Additional Knowledge
· Cheque (a): An order to a bank to pay a specified sum.
· Demand Draft (b): A prepaid negotiable instrument issued by a bank.
· Promissory Note (c): A written promise to pay a specific amount to a person.