OF MANAGEMENT EVOLUTION & REVOLUTION OF NEGOTIABLE INSTRUMENTS AS FACILITATORS OF TRADE AND COMMERCE AND 10 YEARS TAKING FORWARD A PROJECT REPORT ON LEGAL ASPECTS OF BUSINESS GROUP MEMBERS: INDEX Sr. No. Topic Page No. 1. Introduction 2. Evolution of Negotiable Instruments 3. What are Negotiable Meaning & Definition 4. Negotiable Instruments Act‚ 1881 5. Types of Negotiable Instruments Promissory Notes‚ Bills of Exchange & Cheques
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Negotiable Instruments Act‚ 1881 From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search The Negotiable Instruments Act‚ 1881 | An Act to define and Law relating to negotiable instruments which are Promissory Notes‚ Bills of Exchange and cheques | Citation | Act No. 26 of 1881 | Enacted by | Imperial Legislative Council (India) | Date enacted | 9 December 1881 | Date commenced | 1 March 1882 | Negotiable Instruments Act‚ 1881 was passed by British India and for over 130
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NEGOTIABLE INSTRUMENT QUESTION 1 A bill of exchange is defined as an unconditional order in writing‚ addresses to another‚ signed by the person giving it‚ requiring the person whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to‚ or to the order of a specified person‚ or to bearer. One of the characteristics of the bill of exchange is an unconditional in writing: order and not request. The example of Conditional situation are‚ given discretion
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payment. Some of these documents are called negotiable instruments. In this lesson let us learn about these documents. Learning objectives On completion of this topic‚ you should be able to: Describe the principle of negotiability and the uses of negotiable instrument; Describe the nature of accommodation bills and promissory notes; Outline the main legislation dealing with negotiable instruments; Describe the definitions and types of instruments under the Cheques Act; Explain transferability
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ABSTRACT Although every business uses negotiable instrument in one way or other but very few individual understand the overall scope and facts about these instruments. Negotiable instrument is an unconditional order or promise to pay an amount of money‚ easily transferable from one person to another. Negotiable Instruments have their origin in centuries past where they were developed as an alternative to the risk of carrying gold or money from market town to market town. Hence we have decided
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Revolution of Negotiable Instruments As Facilitators for Trade and Commerce And Ten Years Taking Forward Presented By GROUP 5 JINAL JAIKRISHNAN- 33 DEEPA SINGH - 34 DINESH REDDY - 35 SAGAYA ALBERT – 36 BLESSON ANTONY - 37 PRITI YADAV - 38 RITU DEBNATH - 39 NITIN PATIL - 40 Submitted to: Submitted on: Prof. Anant Amdekar 6th February‚ 2012 CONTENTS TOPIC PAGE NO. 1. INTRODUCTION 2. EVOLUTION OF NEGOTIABLE INSTRUMENTS
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consideration. d. No‚ becuase David is not a holder in due course. Answer: C Sec. 58 of Negotiable Instrument Law provides that in the hands of any holder other than the holder in due course‚ the negotiable instrument is subject to any defenses as if it were non-negotiable. But a holder who derives through a holder in due course and who is not a party to any fraud or illegality affecting the instrument‚ has all the rights of such former holder in respect of all parties prior to
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Negotiable Instruments Law Negotiable Instruments‚ In General Function and importance of negotiable instruments • Although they do not constitute legal tender‚ they are used as a substitute for money. • Negotiable papers‚ particularly checks‚ constitute‚ at present‚ the media of exchange for most commercial transactions. • Negotiable instruments also serve as a medium of credit transactions. • Negotiable instruments shall produce the effect of payment only when they
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Evolution and Revolution of Negotiable Instruments as facilitator for Trade and Commerce and 10 years Taking forward MET’S BKC Institute Of Management MBA IST Year Div- B Group members:- Roll No. 1. Khushboo Lalwani 22 2. Yogesh Mali 24 3. Murtaza Raj 26 4. Snehal Nikam 28 5. Adhikar Patil 30 6. Atul Patil 32 7. Poonam Shinde 36 8. Ritu Singh 38 9. Salar Shaikh 40 Index 1. Introduction
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NEGOTIABLE INSTRUMENTS NEGOTIABLE INSTRUMENT According to Section 13 (a) of the Act‚ “Negotiable instrument means a promissory note‚ bill of exchange or cheque payable either to order or to bearer‚ whether the word “order” or “ bearer” appear on the instrument or not.” A negotiable instrument is a document guaranteeing the payment of a specific amount of money‚ either on demand‚ or at a set time‚ with the payer named on the document. Examples of negotiable instruments include promissory
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