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

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