Chapter 4: The Negotiable Instruments Act, 1881
Chapter IV: Of Negotiation Section 46: Delivery This section establishes that the transfer of an instrument is only complete upon physical or constructive transfer. 1. Completion by Delivery: 2. Delivery Between Direct Parties: 3. Conditional Delivery: 4. Negotiation Methods: Section 47: Negotiation by delivery This section specifically reinforces the transfer method for bearer instruments. 1.