NEGOTIABLE INSTRUMENTS LAW DEFINITIONS: 1) PROMISORY NOTE – It is an unconditional promise in writing made by one person to another‚ signed by the maker‚ engaging to pay on demand‚ or at a fixed or determinable future time‚ a sum certain in money‚ to order or to bearer. (Sec. 184‚ NIL) 2) BILL OF EXCHANGE – It is an unconditional order in writing‚ addressed by one person to another‚ signed by the person giving it‚ requiring the person to whom it is addressed‚ to pay on demand‚ or a fixed or determinable
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The Negotiable Instrument Act 1881 Compiled By Neelakshi Jaidka OBJECTIVES After reading this lesson‚ you should be able to- • Understand meaning‚ essential characteristics and types of negotiable instruments; • Describe the meaning and marketing of cheques‚ crossing of cheques and cancellation of crossing of a cheque; • Explain capacity and liability parties to a negotiable instruments; and • Understand various provisions of negotiable instrument Act‚ 1881 regarding negotiation‚ assignment
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Susan Glaspell’s Trifles is a play about the effect of gender differences on perceptions of duty‚ law‚ and justice. When a character named John Wright was murdered‚ the Sheriff and County Attorney go to investigate his house‚ as it was believed his wife murdered him. As the two investigate‚ the Sheriff brought his wife Mrs. Peters and the neighbor of the Wrights that reported the event‚ Lewis Hale‚ brought his wife Mrs. Hale also to the house. While the women stayed in the house‚ they started to
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bounties of our bizarre justice system. According to RA 9344 or The Juvenile Justice and Welfare Act of 2006‚ minors aged 15 and below are exempted from criminal liability and minors aged 16 to 18 were declared exempt if they acted without discernment and allowed modification of the penalty if they did act with discernment. Sounds pro-children right? I could only imagine how children’s rights advocates would worship this law as if it were a deity. The birth of this law shows just how much we love
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FAMOUS CASES ON NEGOTIABLE INSTRUMENTS ACT* LIABILITY OF PAYING BANKER WHEN CUSTOMER’S SIGNATURE ON CHEQUE IS FORGED 1. When the customer’s signature on the cheque is forged there is no mandate to the bank to pay. As such a banker is not entitled to debit the customer’s account on such forged cheque. In Canara Bank vs. Canara Sales Corporation and Others [(1987)2 Supreme Court Cases 666] the company has a current account with the bank which was operated by the Company’s Managing Director
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Justice in modern society According to Merriam-Webster Dictionary‚ justice is defined as‚ “The maintenance or administration of what is just especially by the impartial adjustment of conflicting claims or the assignment of merited rewards or punishments.” When reading this definition one may see the clear picture of justice‚ however‚ it is when breaking it down and dealing with numerous alternative and hard-hitting situations that this definition becomes complicated. Over the course of the semester
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Table of Contents EVOLUTION OF TRADE AND COMMERCE LEADING TO THE INTRODUCTION OF NEGOTIABLE INSTRUMENTS. The world as a whole has been the “cradle of commerce” because this exchange is not only between individuals but also between peoples and nations. This naturally implies the existence of: CERTAIN SURPLUS OF WEALTH CERTAIN PROVISION FOR COMMUNICATION Both of which are essential for growth of commerce. Unless there is a surplus of wealth and provision for communication
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1. Use the links in Web Links for this case‚ your favorite search engine‚ and resources in your library to learn more about Android and Apple as program delivery systems for smart phones. Prepare a 300-word executive summary for Yash that describes each delivery system you identify and outlines the current or likely near-term availability of each system for content providers such as PFI. The two program delivery systems examined for smart phones are Brew and Windows Azure. Brew platform was developed
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Every time I have gone to a Wal-Mart‚ and stood next to break room or chatting around the water cooler‚ I have observed the conversation for a few minutes of Wal-Mart employees. Many of workers mention they are tired‚ stressed out‚ need a vacation‚ and other complaints of how they are being mistreated. Obviously one can observe that the work place is not where they want to be. Wal-Mart in Western world is safe to work for‚ but those who work for Wal-Mart in developing country are not safe. Most
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“Justice” What is justice? Is it when a person’s demise makes society feel better? Or is it when a felon gets acquitted of all charges brought against him? Wherever there is justice‚ there is obscurity. Before the summer of‚ Auschwitz was not the most lethal of the six Nazi extermination camps. The Nazis had killed more Jews at Treblinka‚ where between and Jews were killed in the 17 months of its operation‚ yet during the summer of Auschwitz overtook the other death camps not only in the number
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