require flow of cash either immediately or after a certain time. In modern business‚ large number of transactions involving huge sums of money take place everyday. It is quite inconvenient as well as risky for either party to make and receive payments in cash. Therefore‚ it is a common practice for businessmen to make use of certain documents as means of making payment. Some of these documents are called negotiable instruments. In this lesson let us learn about these documents. Learning objectives
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Negotiable Instruments Act‚ 1881 From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search The Negotiable Instruments Act‚ 1881 | An Act to define and Law relating to negotiable instruments which are Promissory Notes‚ Bills of Exchange and cheques | Citation | Act No. 26 of 1881 | Enacted by | Imperial Legislative Council (India) | Date enacted | 9 December 1881 | Date commenced | 1 March 1882 | Negotiable Instruments Act‚ 1881 was passed by British India and for over 130
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Evolution and Revolution of Negotiable Instruments as facilitator for Trade and Commerce and 10 years Taking forward MET’S BKC Institute Of Management MBA IST Year Div- B Group members:- Roll No. 1. Khushboo Lalwani 22 2. Yogesh Mali 24 3. Murtaza Raj 26 4. Snehal Nikam 28 5. Adhikar Patil 30 6. Atul Patil 32 7. Poonam Shinde 36 8. Ritu Singh 38 9. Salar Shaikh 40 Index 1. Introduction 2. History
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Q#1: A draws a bill payable to B or order with X‚ as the drawee. The bill was successively endorsed to C‚ D‚ E and F‚ holder. X does not pay and F has duly protested non-payment. Y pays for the honor of C. Which of the following statement is wrong? a. D is discharged. b. E is discharged. c. C is discharged. d. Y can ask reimbursement from A. Answer: C All parties subsequent to the party whose honor it is paid are discharged but the payor for honor is subrogated for‚ and succeeds to
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NEGOTIABLE INSTRUMENT QUESTION 1 A bill of exchange is defined as an unconditional order in writing‚ addresses to another‚ signed by the person giving it‚ requiring the person whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to‚ or to the order of a specified person‚ or to bearer. One of the characteristics of the bill of exchange is an unconditional in writing: order and not request. The example of Conditional situation are‚ given discretion
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CLAUSES Seminar paper Contents: 1. Introduction 3 2. Independent clauses 3 2.1 Declarative clauses 4 2.2 Interrogative clauses 4 2.3 Exclamative clauses…………………………………………………………………………….. 6 2.4 Imperative clauses 6 2.5 Non-clausal material 7 3. Finite dependent clauses 7 3.1 Complement clauses 7 3.2 Adverbial clauses 8 3.3 Relative clauses 8 3.4 Comparative clauses 9 3.5 Peripheral clauses 9 4. Non-finite
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Fee Setting Calculating Fixed Costs‚ Variable Costs‚ and Break-Even Point for a Program Proposed Seminar Budget 1. Conference room rental $175.00 $ 175.00 2. Audiovisual equipment Rental $75.00 3. 4 presenters @ $500 $2‚000.00 4. 45 workbooks @ $15
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NEGOTIABLE INSTRUMENTS NEGOTIABLE INSTRUMENT According to Section 13 (a) of the Act‚ “Negotiable instrument means a promissory note‚ bill of exchange or cheque payable either to order or to bearer‚ whether the word “order” or “ bearer” appear on the instrument or not.” A negotiable instrument is a document guaranteeing the payment of a specific amount of money‚ either on demand‚ or at a set time‚ with the payer named on the document. Examples of negotiable instruments include promissory
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Assignment: Fee Setting Exercise 11.1 The government benefits seminar for children and families was a major success‚ so Advocates for Children will carry out a similar seminar in a nearby town. The executive director has decided that this second seminar should make the highest possible amount of money. For this reason‚ they will not offer a reduced fee schedule‚ and all attendees must pay the entire fee. This seminar will happen in a smaller room than the first one did‚ which can only leave
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discussing the audit fee‚ Allnet’s management suggests a fee range in which the amount depends on the reported profit of Allet. The higher its profit‚ the higher will be the audit fee paid to Thorne’s firms. Would you recommend that Thorne accept this audit fee arrangement? Why or why not? Describe some ethical considerations guiding your recommendations” Now i’m not asking for the answer‚ since it’s an online class its hard to ask to teacher but here are my questions 1. What does “prepare
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