Requisites in form - negotiable instruments, Business Law and Ethics

Requisites in Form - Negotiable Instruments

 To satisfy to the statutory definition the document alleged such to be a bill of exchange must be: like

 (a) Unconditional. Example is: the drawer stipulates llike; 'provided such the receipt form on the foot hereof is duly signed', whether this is not a bill of exchange if there is a condition like imposed: as; Bavins, Junior and Sims v London and South Western Bank Limited. So.

 (b) An "order". To say "I shall be pleased whether you will pay" like is not an order even though a mere request, since the expression "please pay..." like is a polite order there.

 (c) "In writing". Whether this includes print and typewriting there.

 (d) "Signed" through the drawer. Nonetheless, a person's signature can be put to a bill through his agent there.

 (e) An order "to pay" like S.3(2)like gives that "which orders any act to be done in addition for the payment of money is such not a bill of exchange there."

Posted Date: 2/1/2013 6:41:08 AM | Location : United States







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

Write discussion on Requisites in form - negotiable instruments
Your posts are moderated
Related Questions
what meaning of sales of goods

MSc Finance and Management 2012-13 Ethics in Finance Ethics in Finance, Assessment Answer ALL THREE questions. This should be your own unaided work (this is an ethics assessmen

State succession concerns international organizations Issue regarding state succession concerns international organizations. There are more than 30,000 treaties entered into be

Empowers directors - company management: In the case of companies which have adopted Table A, Article 107 empowers directors to appoint a managing director "for such period an

Extraordinary Universal Meetings: S.132(1) provides for the convening of "extraordinary" general meeting but does not define it.  Neither is the word "extraordinary" defined i

1. Maryland is one of a few states in which contributory negligence is a complete defense, barring the plaintiff from any recovery. What is contributory negligence? How does it com

What are the state foreign policy The states disregard the operational rule, that power must be counter balanced - they place their over security in jeopardy. "The balance of p

Third Reading: Now next is offers in Order 112(1) which is on the adoption of a report on a Bill the Third Reading may regarding leave of Mr. Speaker be taken forthwith and wh

Question 1: (a) What is "The Common Law"? (b) What are the virtues of the Common Law? Question 2: (a) Name the three facets of "the concept of justice". (b) E

Question 1: (a) The Employment Relations Act does not apply to all categories of workers. Describe. (b) What is the main procedure for registration of trade unions? Qu