CHAPTER 1 MONETARY POLICY INSTRUMENTS- AN INTRODUCTION Money plays a dominant role in the life of human society. It has fashioned and shaped the destiny and fortunes of kings and rulers. With the rise of the philosophy of laissez faire and capitalism‚ money became a motivating force and fuel to all economic activities throughout the world. Money and its management were not unknown to the ancient India. Kautilaya had devoted a part of his famous ‘Arthasastra’ on money
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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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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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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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..Problem Statement: How can Texas Instruments maintain market share and profitability while other companies are conforming to global pricing systems? Company Assessment: Financial Assessment: Throughout the 1980’s‚ Texas Instruments was the leader in sales for the semiconductor manufacturing industry. In 1980‚ TI recorded sales of $1.453 million. However‚ by 1985 competition became more intense and Motorola (along with NEC) became the industry leaders in the semiconductor market. By 1992
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a Musical Instrument is an Important Hobby Audience: Students just starting secondary school. I don’t know how many of you play an instrument‚ but I personally have been playing the drums for just about two years now. Although I don’t play in a band or even have a strict practising routine I find them to be a key part of my life now‚ something that I would find very difficult to live without. As you are starting secondary school‚ this is an ideal time to start playing an instrument. Not necessarily
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CPA Regulation Negotiable Instruments and Secured Transactions Negotiable Instruments and Secured Transactions What is a note and who are the parties to a note? © 2011 HOCK international 91 A note is a written promise to pay money. Notes are different from drafts in that notes are a promise to pay. If there is any doubt whether a document is a note or a draft‚ the holder of the document can decide what it is. There are two parties involved in a note. 1) The Issuer (Maker) is
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‘The law is an instrument of the ruling class.’ To what extent do sociological arguments and evidence support this view? (21 marks – 30mins) Traditional Marxists would argue that law making and law enforcement only serves the interests of the ruling class. Chambliss argued that laws to protect private property are the cornerstone of capitalist society. His argument was in regards to a case studied in Britain’s east African colonies. The British introduced a cash tax that if unpaid was a criminal
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18 Benefits of Playing a Musical Instrument by Michael Matthews The Chinese philosopher Confucius said long ago that "Music produces a kind of pleasure which human nature cannot do without." Playing a musical instrument has many benefits and can bring joy to you and to everyone around you. This article will provide you with 18 benefits of playing an instrument (in no particular order) and will hopefully give you a better sense of appreciation and pride for music. 1. Increases the capacity
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Huzair Kalia Speech 1100 Persuasive Speech Why you should play an Instrument General Purpose: To inform my audience why they should play a musical instrument and persuade them. Introduction: I. Attention Getter: We live in a world that hardly knows anything about rest or leisure. We are so occupied by our daily routine and juggling between different responsibilities that we rarely have time for ourselves. It is important to have something in your life that you love to do and that relaxes you. II
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