Article 2 of the UCC (as adopted by the state) applies only to contracts for the sale of goods. Article 2 does not cover contracts for services or the sale of real property. (For those contracts you apply the common law of contracts). Sometimes you apply the common law to contracts for the sale of goods. In general‚ the rule is that whenever there is a conflict between a common law contract rule and Article 2‚ Article 2 controls. In other words‚ when Article 2 addresses a certain issue‚ it governs
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TYPES OF NEGOTIABLE INSTRUMENT Section 13 of the Negotiable Instruments Act states that a negotiable instrument is a promissory note‚ bill of exchange or a cheque payable either to order or to bearer. Negotiable instruments recognised by statute are: (i) Promissory notes (ii) Bills of exchange (iii) Cheques. Negotiable instruments recognised by usage or custom are: (i) Hundis (ii) Share warrants (iii) Dividend warrants (iv) Bankers draft (v) Circular notes (vi) Bearer debentures (vii) Debentures
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Chapter 12 – Investments 1. Describe the company’s investment policies. Their investment policy requires the purchase of top-tier investment grade securities‚ the diversification of asset types and includes certain limits on their portfolio duration as specified in our investment policy guidelines. All marketable securities are held in their name‚ managed by several investment managers and held by one major financial institution under a custodial arrangement. 2. What is the amount
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Electronic copy available at: http://ssrn.com/abstract=1609817 CREDIBILITY OF THE IPO GRADING: TIME TO RETHINK KARTIKEY MAHAJAN & MALLIKA ANAND Prologue Initial Public Offer (hereinafter as ‘IPO’) in the new regime (which started as an innovation) has to be mandatorily graded by a Credit Rating Agency (hereinafter as ‘CRA’). This optimization of the IPO by the Securities and Exchange Board of India (hereinafter as ‘SEBI’) has been seen as a market innovation to ensure the credibility of
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Town Savings and Loan Bank vs CA‚ Negotiable Instrument Digest GR No. 10611‚ June 17‚ 1993 Town Savings and Loan Bank vs CA Facts: In 1983‚ the Hipolitos applied for and were granted a loan in the amount of Php 700‚000.00 with interest of 24% P.A. for which they executed and delivered to Town Savings Loan Bank a promissory note with maturity period of 3 years and with acceleration clause. Thy defaulted‚ subsequently‚ demand for payment were sent to them. The Hipolitos denied being personally
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STRESS MANAGEMENT WITH SPECIAL REFERENCE TO PUBLIC SECTOR BANK EMPLOYEES IN CHENNAI RAJENDRAN JAYASHREE INTRODUCTION Today workplace stress is becoming a major issue and a matter of concern for the employees and the organizations. It has become a part of life for the employees‚ as life today has become so complex at home as well as outside that it is impossible to avoid stress. Selye [1936] defines stress as “a dynamic activity wherein an individual is confronted with an opportunity‚ constraint
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Role and Functions Law/421 January 13‚ 2014 David Feldheim Law plays a big role in the operation of business and society. “Laws regulate social behavior‚ which leads to a society that runs efficiently. Laws also supply ethical standards and expectations‚ while providing rules of conduct‚ measures to enforce those rules‚ and a means for settling disputes. Other functions of law include: peacekeeping; checking government
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Organizational Chart Business Owner: As a small business owner‚ you are the principal strategist and planner. You over see finance and accounting‚ also handle legal issues. The owner also is in charge for marketing and sales‚ customer service‚ and human resources. As a small business owner you have a wide range of varying duties that are critical for beginning and managing a successful business. Depending on the type of business and the stage it is in‚ the roles and responsibilities change and
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BUSINESS LAW Course Code: MGBLW 10201 Credit Units: 03 No. of hours : 33 Course Objective: The objective of the course is to acquaint the management students with the basic fundamentals of business related laws and to understand its linkages with other fields of management which have significant bearing on business organization Course Contents: Module I: Companies Act‚ 1956 Meaning‚ definition and characteristics
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MACQUARIE UNIVERSITY LAW 208 Law‚ Laywers and Society 3 Credit points Unit Guide Semester 1‚ Year 2010 Macquarie Law School Part 1 General information Unit convenor and teaching staff Position: Unit Convenor Name: Therese MacDermott Email: therese.macdermott@law.mq.edu.au Phone: 9850 7067 Office: W3A Room 520 Consultation times: Tuesday 1.30pm-3.30pm and other times by appointment Teaching Staff Name: Lise Barry Email: lise.barry@law.mq.edu.au Phone: 9850 4237 Office:
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