Payee - negotiable instruments, Business Law and Ethics

Payee - Negotiable Instruments

Some the payee like:

(i) Section 7(1) gives such where a bill is not payable for the bearer, such the payee must be named otherwise indicated therein belong to reasonable certainty therer.

(ii) Section 7(3) gives such whether the payee is a fictitious or may nonexistent person, such the bill may be treated like payable to bearer there.

(iii) Section 7(2) gives such a bill may be drawn payable to two or more payees jointly, or may like be drawn payable to one of two as or several payees there.

(iv) Section 7(2) gives such a bill may be drawn payable for the holder of an office there also.

Posted Date: 2/1/2013 6:46:11 AM | Location : United States







Related Discussions:- Payee - negotiable instruments, Assignment Help, Ask Question on Payee - negotiable instruments, Get Answer, Expert's Help, Payee - negotiable instruments Discussions

Write discussion on Payee - negotiable instruments
Your posts are moderated
Related Questions
Powers of Arbitral Tribunal Powers of Arbitral Tribunal are as Follow: For determine whether it has jurisdiction to entertain a dispute and For provide interim reme

QUESTION Many governments around the world have sought to address the problems posed by materials on the Internet that are illegal under their offline laws, and those considered

Question 1: ‘There has been considerable development from the time of the Industrial Associations Ordinance 1938 to the present time of the Employment Relations Act 200

Question 1 A contract comprises od reciprocal promises. In the contract of sale who is an unpaid seller? Describe the remedies for breach of contract under Sale of Goods Act, 1930

Challenging an Arbitral Award Conversely a party dissatisfied through an arbitral award any challenge that it in the High Court and the High Court might set it aside whether i

Determine the term Uncertainty - Policy process We know that uncertainty is one of main influencing factor in policy process and especially in coordination of economic policies

Q. What is Zone Refining? This method is used to obtain metals of very high purity. The basic principle involved in this process is similar to fractional crystallisation. A sma

Function of the Registered Office:                          Section 107(1) provides that a company shall, as from the day on which it begins to carry on business or as from th

Methods of Public Issue: A company's authorised capital may be raised in one or the other of the following ways: a)      PLACING A 'placing' occurs if the company, inste

Insanity and Rejection - Termination of an Offer Insanity Furthermore the unsoundness of mind about either party before acceptance terminates the offer.  Hence the offe