Features of negotiable instruments, Business Law and Ethics

Assignment Help:

Features of Negotiable Instruments

(i) Whether made payable to bearer, whether the title to it is negotiable through delivery. Although made payable for order, the title to such it passes through endorsement and delivery. Like Read Sec.31 (2) as and like 31 (3) of the Bills about Exchange Act since.

(ii) No notice of the transfer is required for be given to the person liable at the instrument.

(iii) The holder in due course possibly will sue on the document in such his own name but it becomes necessary, and is not affected through the privity of contract rule like.

(iv) Valuable consideration for such it may be constituted through "an antecedent debt or liability" like and the common law rule such against past consideration does not apply. Read Section number 27 (1) of the Act there.

NOTE:whether the brothers-in-law in like Re McArdle such had given their sister-in-law a promissory note or may bill of exchange payable after such the death of their mother, like they would have been liable for her and ordered to pay the by £488 there.

(v) A bona fide transferee like of a negotiable instrument takes whether it free from any defects in the title about the transferor, and such the common law rule like "nemo dat quod non habet" such does not apply to negotiable instruments, like unless the instrument such is a cheque crossed as "not negotiable" there.


Related Discussions:- Features of negotiable instruments

Describe the law making process, Question 1: Discuss what types of norm...

Question 1: Discuss what types of norms can be used to help judges in their interpretation of statutes. Question 2: Discuss the concepts of originalism and dynamism in

What are the limitations imposed on banks by the banking act, QUESTION 1 ...

QUESTION 1 (a) Under which circumstances can banking information on customers be disclosed and at the same time not breaching the confidentiality clause of the Banking Act (

Bidding process in specific circumstances, QUESTION 1 Section 39 of the...

QUESTION 1 Section 39 of the Public Procurement Act provides for cancellation of a bidding process in specific circumstances. State those circumstances and the implications of

Exercising international rights and duties, Q. Exercising international rig...

Q. Exercising international rights and duties? Laws are the finest creation of human mind. They are intended not only to regulate our conduct and therefore our lives, but they

Negotiation and joint consultation committee, Problem: (a) Show the dif...

Problem: (a) Show the difference between negotiation and Joint consultation Committee. (b) What is the difference between a procedural and a substantive agreement? (c) De

Proposal and invitation, Analyze the differences between a proposal and an ...

Analyze the differences between a proposal and an invitation to treat and discuss the rules to determine the point of time on which an agreement is reached. Using the latest Malays

What are the advantages of doctrine of judicial precedent, What are the adv...

What are the advantages of doctrine of judicial precedent? Advantages of doctrine of judicial precedent: a. Makes it more clearly in terms of chances of winning case should

Registration of resolutions, Registration of Resolutions: By S.143(1) ...

Registration of Resolutions: By S.143(1) a printed copy of the following resolutions shall, within 30 days after the passing thereof, be delivered to the registrar for registr

Regulations regarding alcohol purchase and storage, REGULATIONS REGARDING A...

REGULATIONS REGARDING ALCOHOL PURCHASE AND STORAGE As YOU know, ethyl alcohol is one of the laboratory chemicals which can be misused. To control its purchase, storage and use,

Business and social agreements, Business and Social Agreements Busin...

Business and Social Agreements Business Agreements Therefore is a rebuttable presumption that parties intended generate a legally enforceable agreement to example in Cr

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd