Table of Contents EVOLUTION OF TRADE AND COMMERCE LEADING TO THE INTRODUCTION OF NEGOTIABLE INSTRUMENTS. The world as a whole has been the “cradle of commerce” because this exchange is not only between individuals but also between peoples and nations. This naturally implies the existence of: CERTAIN SURPLUS OF WEALTH CERTAIN PROVISION FOR COMMUNICATION Both of which are essential for growth of commerce. Unless there is a surplus of wealth and provision for communication
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“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 notes‚ bills of exchange‚ and cheques. PROMISSORY NOTE A promissory note may be a negotiable
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NEGOTIABLE INSTRUMENTS ACT 1881 SECTIONS REFERANCE 4 Definition of promissory note. 5 Definition of bills of exchange. 6 Definition of Cheque. 8 Definition of holder of bills of exchange. 9 Holder in due course. 11 Inland instruments. 12 Foreign instruments. 14 Negotiation of bills of exchange. 15 Endorsement of bills of exchange. 13 Definition of negotiable instruments. 17 Ambiguous instrument. 20 Incomplete or inchoate instruments. 22 Maturity
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Section - 2 (Internee work) Brief Introduction of Internee Office Branch Branch Name Ghakkar mandi branch. Branch Code 0117 Address Against National Bank of Pakistan G.T Road Ghakkar Mandi. Phone 055-3885747 Fax 055-3880782 Tehsil Wazirabad District Gujranwala Province PUNJAB Status Online Email bop0117@bop.com.pk “I have completed internship in BOP Ghakkar mandi branch coded (0117). It was established 02 March‚ 1992. It’s a small branch at Ghakkar mandi‚ but they are providing
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INTERACTIVE TELLER MACHINE (ITM) Introduction to Information Technology Module Code: UFC04 Group-18 Date of submission: 2015/01/23 Student’s name Student’s ID Milan Basnet NP02A140088 Sanjeeta Timsina NP02A140091 Roshni Niroula NP02A140089 Shiwani Shrestha NP02A140087 Puru Agrawal NP02A140093 ACKNOWLEDGEMENTS We have taken lots of efforts in this project. However‚ it would not have been possible without the kind support and help of many individuals. I would like to stretch my one fold
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Internship Report on Jamuna Bank Limited EXECUTIVE SUMMARY Jamuna Bank Limited is bank of new generation. It is committed to provide high quality financial services/products to contribute to the growth of GDP of the country through stimulating trade and commerce‚ accelerating the pace of industrialization‚boosting up export‚creating employment opportunity for the educated youth‚ poverty alleviation‚ raising standard of living of limited income group and overall sustainable socio-economic development
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12.2013.pdf Current Account The Current Account product provides a host of services like Anywhere Banking in India (also anywhere in the world)‚ which enables the customer to operate from any branch‚ provides for faster collection of upcountry cheques‚ doorstep banking which provides for delivery and pick-up of cash and documents‚ Internet Banking which enables online tracking of the account‚ execution of transactions and so on. Multiple variants of current accounts are offered by ICICI Bank to
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my last day was October 12‚ 2012. I worked in various departments including account opening department‚ clearing department‚ remittance department and accounts department. The tasks which I do there was to fill an account opening forms‚ receiving cheques from customers‚ stamping and then jotting‚ fill a money gram form and do entries of DD’s (demand draft) manually‚ activity checking. I had a great experience at Bank Alfalah. It enhanced my knowledge and skills when I do all the things practically
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Chapter 1 Introduction Banking sector has significant contribution in the economy of a country. In banking sector the activities performed in GB and in Accounts department is of greatest importance. Banking service is directly related with clients. Banking activities facilitate clients to deposit their money in the bank according to their needs‚ to withdraw cash available in clients bank account‚ help the clients to engage in transaction in a safely mode‚ help the clients to improve their
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CapitalBanc Corporation case 2.4 1- Management assertion is a set of information that the management provided it to the auditor‚ so the auditor will make sure there are no material misstatements. According to AU 326‚ paragraph 3‚ management assertions can be either explicit or implicit and can be classified according to three categories: Assertions about transactions‚ assertions about accounts balance‚ and assertions about presentation and disclosure. The auditor has to keep in mind that the
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