Negotiable Instruments L08 Explain how the liability of a party to pay an instrument is normally discharged. Discharge of Liability The obligation of a party to pay an instrument is discharged (1) if he meets the requirements set out in Revised Article 3 or (2) by any act or agreement that would discharge an obligation to pay money on a simple contract. Discharge of an obligation is not effective against a person who has the rights of a holder in due course of the instrument and took the instrument without
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Most Memorable Customer Service Experience: A few years back‚ I went to Las Vegas with my family and stayed at the Aria hotel. The bathroom of our suite had a sliding door‚ and my brother got locked inside the bathroom due to some mechanical error in the door. My parents called the front desk and narrated the issue to them
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habits with regards to their participating in compulsory extra-curriculum activities. Secondly‚ the study examines the implications of these after-school activities towards students’ academic performances. The study employed a qualitative interview approach with 15 randomly students who had been involved in extra-curriculum activities. The investigators approached students who were involved in extra-curriculum activities and invited them to participate in the study. An informed consent letter was signed
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Change Management The initial attitude towards resistance is one of negativity. It is usually viewed as a burden to management when related to change in that particular environment due to the possible conflict it may cause‚ and the perhaps negative change that it may result in‚ therefore portraying them as a bad manager. The immediate harmony of a company in the short term is always the easier choice for management‚ avoiding resistance‚ which is the function of a variety of social factors including
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NEGOTIABLE INSTRUMENTS ACT‚1881 Definition of a Negotiable Instrument. The law relating to negotiable instruments is contained in the Negotiable Instruments Act‚ 1881. It is an Act to define and amend the law relating to promissory notes‚ bills of exchange and cheques. The Act does not affect the custom or local usage relating to an instrument in oriental language i.e.‚ a Hundi. The term "negotiable instrument" means a document transferable from one person to another. However the Act
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Renaissance instruments‚ can be found at Iowa State University[->0]. The following answers are located in the articles. Read through the articles to answer each question: Which instrument looks like a snake? Serpent Which instrument is played by winding a crank? Hurdy-Gurdy Which instrument "is a loud reed-cap instrument with a double reed"? Rauschpfeife Which instrument has been called the most versatile of Renaissance wind instruments? The Zink Which instrument was an
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right to any other person Applicability :- 1. Location: Whole India except state of J&K 2. Instrument based: Section 13 gives definition of NI B/E‚ Pro Note and Cheque - For DD it is applicable - Not App on share certificate - Not App on share warrant - Not App on Document of title - Not App on Currency note - Not App on Bonds/Commercial papers/ T Bills/ FDs - App on Hundi (traditional instruments) Local rules are applicable‚ if not then NI Act is applicable Two amendments have
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Negotiable Instruments Law (Act No. 2031) Chapter I. INTRODUCTION 1. The Negotiable Instrument Written contract for the payment of money‚ by its form intended as substitute for money and intended to pass from hand to hand to give the HDC the right to hold the same and collect the sum due. Instruments are negotiable when they conform to all the requirements prescribed by the NIL (Act 2031‚ 03 February 1911). Although considered as medium for payment of obligations‚ negotiable instruments are not legal
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all end with a word that rhymes with “pan” and the fourth and fifth lines of each stanza rhyme with each other (independently from stanza to stanza). The consistent patterns and repetition throughout “A Musical Instrument” make it feel like just as the title states: a musical instrument. This piece utilizes a few more poetic devices as well. The line “The limpid water turbidly ran‚” (ln 9) is an oxymoron. Limpid means clear and turbid means muddy. Browning uses this to again emphasize the duality
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By payment in due course: The instrument is discharged by payment made in due course by the party who is primarily liable to pay‚ or by a person who is accommodated in case the instrument was made or accepted for his accommodation‚ The payment must be made at or after the maturity to the holder of the instrument if the maker or acceptor is to be discharged. A payment by a party who is secondarily liable does not discharge the instrument. By party primarily liable by becoming holder (Section
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