THE NEGOTIABLE INSTRUMENTS LAW I. FORM AND INTERPRETATION Section 1. Form of negotiable instruments. - An instrument to be negotiable must conform to the following requirements: (a) It must be in writing and signed by the maker or drawer; (b) Must contain an unconditional promise or order to pay a sum certain in money; (c) Must be payable on demand‚ or at a fixed or determinable future time; (d) Must be payable to order or to bearer; and (e) Where the instrument is addressed to
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Instruments: The Heart of Africa The history of African musical instruments is rich and diverse as the people that populate the African continent. Because music is so deeply rooted in African culture‚ knowing about African instruments helps you understand the continent as well as the people. Apart from Africans themselves‚ this knowledge is usually restricted to ethnomusicologists and historians. The roots of African-American instruments are buried deep within the music of the African continent
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Code: FM-306 Lesson: 1 Author: Dr. S.S. Kundu Vetter: Dr. B.S. Bodla NEGOTIABLE INSTRUMENTS ACT‚ 1881 STRUCTURE 1.0 1.1 1.2 1.3 1.4 1.5 Objectives Introduction Meaning of Negotiable Instruments Characteristics of a negotiable instrument Presumptions as to negotiable instrument Types of negotiable Instrument 1.5.1 Promissory notes 1.5.2 Bill of exchange 1.5.3 Cheques 1.5.4 Hundis 1.6 Parties to negotiable instruments 1.6.1 Parties to Bill of Exchange 1.6.2 Parties to a Promissory Note 1.6.3 Parties
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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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devoid of any boundaries. Every single musical instrument‚ right from the African djembe to the Indonesian gamelan angklung‚ and the Arabic shababa to the Indian sitar‚ is a testament to the fact that music is a universal language having multiple dialects. The tongue twisters that some of these musical instrument names are‚ it took me a while just to get their names right! Anyway‚ the sheer magnitude of the different musical instruments that I was exposed to‚ from all over the world was mesmerizing
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Negotiable Instruments A negotiable instrument is a document guaranteeing the payment of a specific amount of money‚ either on demand‚ or at a set time‚ without conditions in addition to payment imposed on the payer. Cheques or promissory notes are common examples. Negotiable instruments are often defined in legislation.Although often discussed as foundational in commercial law‚ their modern relevance is sometimes questioned. More precisely‚ it is a document contemplated by a contract‚ which warrants
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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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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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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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Main characters[edit source | editbeta] Clarissa "Clary" Fray (also referred to as Fairchild and Morgenstern) is described to have long‚ curly red hair and bright green eyes. She is very small and thin and often viewed as younger than she actually is. Clary is an artist and in the first book‚ City of Bones‚ she believes she is a mundane‚ or a human without angelic powers. It is later revealed she is in fact a Shadowhunter‚ or a human with angelic qualities. Clary is described as being incredibly
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