The Negotiable Instrument Act 1881 Compiled By Neelakshi Jaidka OBJECTIVES After reading this lesson‚ you should be able to- • Understand meaning‚ essential characteristics and types of negotiable instruments; • Describe the meaning and marketing of cheques‚ crossing of cheques and cancellation of crossing of a cheque; • Explain capacity and liability parties to a negotiable instruments; and • Understand various provisions of negotiable instrument Act‚ 1881 regarding negotiation‚ assignment
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OPS/571 February 13‚ 2012 Riordan Manufacturing Learning Team C has completed the analysis of Riordan Manufacturing’s electric fan design process and has developed a proposal outlining the changes that need to be implemented. The team is proposing to focus on total quality management (TQM); this will allow Riordan to remain focused and efficient in areas of opportunity‚ and to excel in all aspects of the electric fans that are important to customers. The team’s recommendation is to use quality
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FAMOUS CASES ON NEGOTIABLE INSTRUMENTS ACT* LIABILITY OF PAYING BANKER WHEN CUSTOMER’S SIGNATURE ON CHEQUE IS FORGED 1. When the customer’s signature on the cheque is forged there is no mandate to the bank to pay. As such a banker is not entitled to debit the customer’s account on such forged cheque. In Canara Bank vs. Canara Sales Corporation and Others [(1987)2 Supreme Court Cases 666] the company has a current account with the bank which was operated by the Company’s Managing Director
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Riordan Manufacturing Riordan manufacturing needs a strategic management. Riordan Manufacturing knows the meaning of strategic planning. Riordan Manufacturing will implement the competitive advantages‚ sustainability‚ innovation and ethical and social responsibilities‚ cultural and structural leadership and assessment and the feedback controls. Riordan Manufacturing is determined to implement a formal customer management system‚ which will be used extensive through the company. The consultant’s
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a Musical Instrument is an Important Hobby Audience: Students just starting secondary school. I don’t know how many of you play an instrument‚ but I personally have been playing the drums for just about two years now. Although I don’t play in a band or even have a strict practising routine I find them to be a key part of my life now‚ something that I would find very difficult to live without. As you are starting secondary school‚ this is an ideal time to start playing an instrument. Not necessarily
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Variances (180‚000 – 200‚000) X 11.80 = 20‚000 X 11.80 = 236‚000 F 5. It seems that the factory is producing a favorable amount of iPhone 4s however it is not efficiently doing it‚ therefore it is overall unfavorable. 6. Wentao Chen has issues with the plants profitability as well as it’s production. In terms of what he can improve on‚ Chen should focus on his labor issues. Since he cannot find qualified labor to match
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The Tankmaster Manufacturing Company‚ a large manufacturer of domestic oil tanks‚ is located in Amersham‚ Buckinghamshire. Since it came into existence in 1970‚ the company has enjoyed steady growth in both sales and profits. Davina Tankmaster‚ the founder’s daughter‚ joined the company in 2005 after graduating with a degree in Accounting and Finance from Manchester University. One of her first tasks was to revise the costing system‚ as there was a need for more accurate product cost information
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NO SUGAR (JACK DAVIS) Jack Davis’ “No Sugar”‚ written in 1985‚ is a play that highlights Australian racism and cultural destruction caused by British colonialism. It is set in 1929 (Great Depression) in Northam‚ Western Australia. The play explores the impacts of the European social and political philosophy of the early 20th century on Aboriginal society. The focal points of this play are the superiority of white people‚ racism‚ and the bond between Aboriginal families. These themes highlight
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NEGOTIABLE INSTRUMENTS LAW DEFINITIONS: 1) PROMISORY NOTE – It is an unconditional promise in writing made by one person to another‚ signed by the maker‚ engaging to pay on demand‚ or at a fixed or determinable future time‚ a sum certain in money‚ to order or to bearer. (Sec. 184‚ NIL) 2) BILL OF EXCHANGE – It is an unconditional order in writing‚ addressed by one person to another‚ signed by the person giving it‚ requiring the person to whom it is addressed‚ to pay on demand‚ or a fixed or determinable
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As CEO of The Eldora Company (EDC) for the previous 13 years‚ she had led her organization through a period of extraordinary success. While larger bicycle makers had moved their manufacturing operations overseas to take advantage of lower labor costs‚ Eldora had stuck with a domestic manufacturing strategy‚ keeping its plant on the same campus as its corporate offices in Boulder‚ Colorado. Ann felt that her strategy of keeping all the parts of the company in the same location‚ while unconventional
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