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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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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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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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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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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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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NEGOTIABLE INSTRUMENTS LAW 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 holder in due course the right to hold the same and collect the sum due PROMISSORY NOTE • 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
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November 25‚ 2007 from http://www.lordbissell.com/Newsstand/Check21-Anthony.pdf ARTICLE SYNOPSIS The article reviewed in this paper describes the Check Clearing for the 21st Century Act‚ or Check 21‚ which came into effect in October of 2004. This Act allows the use of a substitute check as a negotiable instrument‚ rather than a paper check. The substitute check is a legal tender and the equivalent of a paper check as long as it fulfills two requirements. The first is that the substitute check must
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Supreme Court of Bangladesh The Supreme Court of Bangladesh (Bengali: বাংলাদেশ সুপ্রীম কোর্ট) is the highest court of law in Bangladesh. It is composed of the High Court Division and the Appellate division‚ and was created by Part VI Chapter I of the Constitution of Bangladesh adopted in 1972. This is also the office of the Chief Justice‚ Appellate Division Justices‚ and High Court Division Justices of Bangladesh. As of August 2013‚ there are 9 Justices in Appellate Division and 92 (74 are permanent
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understand the law and procedures. The judge chooses who will serve on the jury and will consider the recommendation of the jury in a bench trial. The judge selects what evidence may be shown at trial and what evidence will be reserved for the appeals court. Points earned on this question: 5 Question 2 (Worth 5 points) During a jury trial‚ each side in a criminal or civil case will present evidence to support their position the prosecution presents evidence supporting the innocence of a defendant
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