0 Assignment On Negotiable Instruments in Banking Course Title: Introduction to Banking Course Code: FIN-305 Assigned To: Mr. S.M. Athiqur Rahman Lecturer Dept. of Business Administration Leading University‚ Sylhet‚ Bangladesh. Prepared By: Md. Inzamam-Ul Haq Talukder ID. # 1101010342 Section: E 7th Semester (27th Batch) Leading University‚ Sylhet‚ Bangladesh D ATE OF SUBMISSION: APRIL 21‚ 2013 i Declaration This assignment paper has been prepared by myself which is
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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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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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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 the
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2. 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
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reason I chose the Supreme Court case Browder vs. Gayle was because of its segregation. In the early nineteen hundreds blacks and whites were separated‚ if they were to walk into a restaurant they had to sit in the back‚ the blacks had different bathrooms than the whites‚ and they weren’t near as clean or high in class as for the whites were. And this was a time when everybody was supposed to be “equal”. There were several cases that blacks have tried to reach the Supreme Court but end up falling
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1. This story is about the Supreme Court’s decision. What process did this case have to go through to get to the Supreme Court? Before cases reach the state of transitioning into a lawsuit‚ a dispute most likely has transpired between parties that had some sort of business or contractual relationship. In this case‚ Betty Dukes was an employee of Wal-Mart‚ Inc. who complained about the disparities she encountered as a female employee opposed to the male co-workers. Usually‚ lawsuits can be avoided
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fixed or determinable future time Supposed to be drawn against previous deposits of funds Need not be drawn against a deposit Need not be presented foe acceptance Required to be present for acceptance in certain cases Ordinarily intended for immediate payment For circulation as an instrument of credit The death of the drawer of a check with the knowledge of the bank revokes the authority of the bank to pay The death of the drawer of an ordinary bill does not revoke the authority of the drawee to pay
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The United States court always has issues thrown at them‚ but their biggest issue that has last ever since it was created is civil rights. Multiple cases relate with this topic. However‚ some rule against‚ but some also rule with it. The Supreme Court has made many decisions to protect the rights of other races in the United States: Dred Scott v. Sanford‚ Shelly v. Kraemer‚ and Loving v. Virginia The Dead Scott v’s Sanford are shows that no mater what race you are‚ if you were born in the United
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Karan Puri Miranda vs. Arizona (1966) In Miranda v. Arizona (1966)‚ the Supreme Court ruled that detained criminal suspects‚ prior to police questioning‚ must be informed of their constitutional right to an attorney and against self-incrimination. The case began with the 1963 arrest of Phoenix resident Ernesto Miranda‚ who was charged with rape‚ kidnapping‚ and robbery. Miranda was not informed of his rights prior to the police interrogation. During the two-hour interrogation‚ Miranda allegedly
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