The Negotiable Instrument Act, 1881 was enacted on 9th December 1881 to define and amend the law relating to Negotiable Instruments i.e. Promissory Notes, Bills of Exchange and Cheque. It was originally applicable in the Sub-Continent and was adopted by Pakistan after partition for the same purposes. It saves the usage related to hundis etc. According to this Act, every Negotiable Instrument shall be governed by the provisions of this Act, and no usage or custom at variance with any such provision shall apply to any such Instrument.