Discharge of 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
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In this pack of LAW 421 Entire Course you will find the next docs: LAW-421 Final Exam.pdf LAW-421 Week 1 - The Roles and Funtions of Law.doc LAW-421 WEEK 1 DQs.doc LAW-421 Week 2 - International Legal and Ethical Issues.doc LAW-421 WEEK 2 DQs.doc LAW-421 Week 2 RULES OF LAW.doc LAW-421 Week 3 Article Review.doc LAW-421 Week 3 BugUSA.doc LAW-421 WEEK 3 DQs.doc LAW-421 Week 3 Team Legal issues in cyberspace.doc LAW-421 Week 4 - Big time toymaker.doc LAW-421 Week 4 - Team Weekly reflection
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Topic: Do you agree or disagree with the following statement “Business should do anything they can to make profit”? Nowadays‚ business plays a very important role in our daily lives. The more profit a business makes‚ the more successful it is. Some people think that businesses should do anything they can to make maximum profits. However‚ in my opinion‚ businesses should not do anything that break the law or do harm to our environment and think of customers beforehand. First and foremost‚ this
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Addressing International Legal and Ethical Issues Simulation SummaryAddressing International Legal and Ethical Issues Simulation Summary 1. What are the issues involved in resolving legal disputes in international transactions? The issues involved in resolving legal disputes in international transactions include but are not limited to the signing of contracts designed to protect both parties‚ choice of clause‚ which forum to use when settling a dispute and if arbitration‚ if used‚ will be
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Northern Bank History: Northern rock was formed in 1965 by the merger of two financial institutions‚ Northern Counties Permanent Building Society and the Rock Building Society. In the beginning‚ Northern Rock acquired 53 smaller financial institutions. Initially Northern rock was a building society it means it was a mutual organization but then along with many other building societies in 1990s‚ Northern Rock move towards stock exchange side as a bank. All through this period a worry against demutualization
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ASSESSMENT FRONT SHEET LONDON CHURCHILL COLLEGE Programme: HND BTEC Edexcel Unit Number and Title: 01- Business Environment Unit Level: QCF Level 5 Module Tutor: Mehfuzul Haque Email: mhaque1902@hotmail.com Date Set: 21/09/2013 Key dates Distribution date: 03/10/2013 Submission date: December 2013 Return date: 4 weeks after submission Introduction The aim of this unit is to provide learners with an understanding of different organisations
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My Favourite Radio Station My favourite radio station is One FM. The slogan of One FM is “The most hitz”. Why one FM is my favourite radio station? Because every program of one FM is more closer with Y generation and the program of one FM easier to touch Y generation heart‚ it’s also easier attract Y generation to listen. One FM is a quite famous radio station in Malaysia that will run the radio station using Mandarin and Cantonese. Furthermore‚ some of the program will make audience feel happy
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Book Review Business for the Glory of God April Adams Liberty University BUSI 301: Business Law Professor Boto December 9‚ 2012 Business for the Glory of God: The Bible’s teaching on the Moral Goodness of Business by Wayne Grudem is a book based on the teachings of God being used within a business setting and how each conceptual aspect of business including‚ but not limited to‚ ownership and employment is a biblical concept. Grudem points out the association between the Bible and business
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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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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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