Negotiable instrument From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search A negotiable instrument is a document contemplated by a contract‚ warranting (1) the payment of money‚ the promise of order for conveyance of which is unconditional; and‚ (2) which specifies or describes the payee‚ who is designated on and memorialized by the instrument and which is capable of change through transfer by valid negotiation of the instrument. As payment of money is promised subsequently‚ the
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Examples of negotiable instruments A commercial paper is an instrument which embodies contractual rights‚ and the possession of the instrument is required to enforce those rights that are contained in it Although negotiable instruments (eg bills‚ cheques‚ promissory notes‚ certain bearer debentures‚ bonds and share warrants) are categorised as commercial paper‚ not all commercial papers are negotiable instruments. Examples of commercial papers which are not negotiable instruments include bills of
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CPA Regulation Negotiable Instruments and Secured Transactions Negotiable Instruments and Secured Transactions What is a note and who are the parties to a note? © 2011 HOCK international 91 A note is a written promise to pay money. Notes are different from drafts in that notes are a promise to pay. If there is any doubt whether a document is a note or a draft‚ the holder of the document can decide what it is. There are two parties involved in a note. 1) The Issuer (Maker) is
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In our country‚ the Supreme Court holds a great deal of power being the highest form of a court in the United States. It has the final say in a court dispute or disagreement about a law brought through a lawsuit. The Constitution does not explicitly say that there has to be a Supreme Court‚ it was basically just created in 1789 when the Supreme Court got the power of Judicial Review out of the blue in a sense. Congress however‚ decides in which way the Supreme Court is constructed. In the beginning
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NEGOTIABLE INSTRUMENTS LAW DEFINITIONS: 1) PROMISORY NOTE – It is an unconditional promise in writing made by one person to another‚ signed by the maker‚ engaging to pay on demand‚ or at a fixed or determinable future time‚ a sum certain in money‚ to order or to bearer. (Sec. 184‚ NIL) 2) BILL OF EXCHANGE – It is an unconditional order in writing‚ addressed by one person to another‚ signed by the person giving it‚ requiring the person to whom it is addressed‚ to pay on demand‚ or a fixed or determinable
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Relating To Negotiable Instrument TABLE OF CONTENTS Acknowledgement 1. Chapter 1: Introduction 1. Objectives of the study……………...........................………………………6 2. Limitations of the study.................................................................................6 3. Research methodology………………………………………………...........7 2. Chapter 2:Law Relating to Negotiable Instrument 1. Negotiable Instrument………………………….....................…..…………8 2. Parties to Negotiable Instrument
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The Supreme Court As a democracy we have a system‚ that seems to work‚ most of the time‚ We have three branches that keep are government in check. Keep it running smoothly. The Executive‚ the Legislative‚ and the Judicial. The Supreme court is what makes up the judicial branch. There are nine supreme court judges. There are three types of cases that the supreme court reside over. Cases between states‚ or states and the federal government‚ any case that involves ambassadors‚ and they reside over
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Nature’s Judicial Process in the Supreme Court consists of decision-making; based on the jurisdiction of the Supreme Court. Although the Supreme Court has the capability to decide all extended cases; it also has the power to ascend under the Constitution‚ which allows the Supreme Court its jurisdiction in the Judicial Branch of government. The Judicial Process interpret the laws that are established in the Supreme Court; thus‚ allowing the Court to exercise its power by shifting its system under
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The Supreme Court of the United States is the highest court in the United States. It has ultimate (but largely discretionary) appellate jurisdiction over all federal courts and over state court cases involving issues of federal law‚ and original jurisdiction over a small range of cases. The Court‚ which meets in the United States Supreme Court Building in Washington‚ D.C.‚ consists of a chief justice and eight associate justices who are nominated by the President and confirmed by the United States
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Montrel Tennessee Supreme Court Paper 12/3/2012 “Drug Testing in Public Schools” I chose to analyze the question “If public schools should drug test in order for students to be able to participate in extracurricular activities?” For this analyzation‚ I will refer to the Supreme Court cases of Board of Education V. Earls and Vernonia School District 47J V. Acton. Key legal issues that will be addressed in this essay are the power of public officials‚ privacy of the students‚constitutionality
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