Negotiable instruments, Business Law and Ethics

Assignment Help:

Negotiable Instruments

A negotiable instrument cannot be described regards precision, although can be explained like a commercial document that represents money. Whether it passes to a bonafide like transferee free from any defect.

Examples of Negotiable Instruments

The common instnaces of negotiable instruments are described below:

(a) Cheques—Read S.73 of the Bills of Exchange Act. So like one is

(b) Bills of Exchange—Read as S.3 of the Bills of Exchange Act, but Bearer debentures so one is

(c) Promissory Notes—Read by S.84 of the Bills of Exchange Act. So one is

(d) Share warrant, dividend warrant. Well like.

Although the above documents acquired their negotiability through commercial usage in England, was codified in like 1882 in the Bills of Exchange Act 1882 also.This Act was introduced in the Kenya on date 14th May, 1927, and is like the current law relating to negotiable instruments. Conversely there are other negotiable instruments in such commercial use although they are irrelevant for the purposes about these notes like.


Related Discussions:- Negotiable instruments

Counter - offer and death - termination of an offer, Counter - offer and De...

Counter - offer and Death - Termination of an Offer Counter - offer However a counter - offer is constituted through the offeree's qualified acceptance that in itself g

Commercial Law, Silcraze City Council owns and operates a Gym. It charges $...

Silcraze City Council owns and operates a Gym. It charges $20 per month as membership fees. On the Gym Membership Card it is written that the Cardholder has the right to use all th

Registered office clause, Registered Office Clause:                   ...

Registered Office Clause:                          Section 5(1) (b) provides that the memorandum of association shall state that "the registered office of the company is to be

Realization of auditors, Realization of Auditors: it is a mere truism ...

Realization of Auditors: it is a mere truism to say that the value of loans and securities depends on their realization.  We were told that a statement to that effect, is so u

Experience law, Experience Law This is a law of marketing beginning tha...

Experience Law This is a law of marketing beginning that the unit cost of value added to a standard goods, calculated in constant currency, declines by a constant percentage ea

Domicile, I would like to know more about Domicile of Dependency at Englis...

I would like to know more about Domicile of Dependency at English Law: Married women and minors.

Illustrate the principle of authority or power, Illustrate the principle of...

Illustrate the principle of authority or power Authorities are delegated by the Principal to agents and it is the characteristic of all the governments. This delegation of auth

The acts of non-state actor, The acts of non-state actor More important...

The acts of non-state actor More importantly, the concept of non-state actor needs be discussed by the concept of state responsibility, that is to say how and to what extent a

restraint of trade clause, a) Explain two scenarios in which a restraint o...

a) Explain two scenarios in which a restraint of trade clause would typically be used. b) Suppose your employer wanted to include a restraint of trade clause in your employment

Legal pyramid, Legal Pyramid: However the sources of England law menti...

Legal Pyramid: However the sources of England law mentioned above may be described through the aid of the following diagram or "legal pyramid"; NOTE: there as;

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