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    Negotiable Instruments

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    Instruments 5. Promissory Notes 5.1. Characteristics of a Promissory Note 5.2. Specimen of Promissory Note 6. Bill of Exchange 6.1. Definition of Bill of Exchange 6.2. Characteristics of Bill of Exchange 6.3. Specimen of A Bill Of Exchange 7. Cheque 7.1. Definition of Cheque 7.2. Essential Elements of a cheque 7.3. Specimen of a Cheque 7.4. Types of Cheque 7.5. Dishonor of Cheques 7.6. Five Ingredients of the offence 8. Difference between Promissory Note and Bill of Exchange

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    Lindsay

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    ReSA The Review School of Accountancy Tel. No. 735-9807 & 734-3989 BUSINESS LAW Atty. Marcelino S. Bonafe Jr. QUIZ- NEGOTIABLE INSTRUMENTS LAW (PART II) MULTIPLE CHOICE 1. A negotiable instrument must contain a promise or order to pay a sum certain in money‚ except a) Which must be payable to order or bearer b) That must be in writing c) Which must be an unconditional promise or order d) The payee must be identified 2. The following are the functions

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    the 3M- Company

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    and even was contracted in the production of defense materials in World War II. The company was later to diversify its product portfolio to include the photographic products‚ electro-mechanical products‚ pharmaceuticals‚ radiology and the Post-it Notes that revolutionized communication and organization. In the late 1990s‚ the total sales of the company reached a $15 billion mark and the assessment of its 2010 public filings has reached a profit mark of 30 billion dollars (NoAuthorFound‚ 2002). The

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    Negotiable Instrument Act

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    1881. It is an Act to define and amend the law relating to promissory notes‚ bills of exchange and cheques. The Act does not affect the custom or local usage relating to an instrument in oriental language i.e.‚ a Hundi. The term "negotiable instrument" means a document transferable from one person to another. However the Act has not defined the term. It merely says that "A .negotiable instrument" means a promissory note‚ bill of exchange or cheque payab1e either to order or to bearer. [Section

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    are you?” Trevor is then shown back in his apartment‚ washing his hands with bleach in his bathroom sink. The picture pans back. The same yellow flashlight the guard was holding is now lying on his coffee table. Trevor notices a yellow Post-It note on the wall behind him with “WHO ARE YOU?” written on it. The film alternately illustrates how Trevor has been deteriorating‚ both physically and mentally‚ by shifting through scenes with his call-girl girlfriend‚ his apartment‚ his work‚

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    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 liable on the Php 700‚000.00 promissory note which they executed. The loan was allegedly for the account of Pilarita H. Reyes‚ the sister of Miguel Hipolito. She was the real party-in-interest

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    Negotiable Instruments

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    INTRODUCTION 2. EVOLUTION OF NEGOTIABLE INSTRUMENTS 3. WHAT ARE NEGOTIABLE INSTRUMENTS 4. NEGOTIABLE INSTRUMENTS ACT‚ 1881 5. TYPES OF NEGOTIABLE INSTRUMENTS 6. CHARACTERISTICS OF CHEQUE‚ BILL OF EXCHANGE AND PROMISSORY NOTE 7. DISTINGUISH BETWEEN 8. EXCEPTIONS 9. SECTION 134 TO 137 OF AN INTERNATIONAL LAW 10. DISHONOUR OF NEGOTIABLE INSTRUMENTS 11. REVOLUTION OF PAYMENT SYSTEMS IN INDIA 12. CURRENT SCENARIO OF NEGOTIABLE INSTRUMENTS 13. TEN YEARS

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    Glue

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    d. Web. 11 Jan. 2014. http://www2.mehr-alwerkzeug.de/download/pdf/2010_04_tipp_leimen_e.pdf "Adhesive and Cohesive Forces in Glues." MicroCoat Technologies‚ 2007. Web. 10 Jan. 2014. . "Accidental Inventions." Accidental Invention of The Post-It® Note. N.p.‚ 2008. Web. 11 Jan. 2014. .

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    Cited: Dove‚ Rita. “Museum.” Kennedy Center Stagebill (Nov.1995): 8-11 ___ “Mother love.”Newyork: W.W. Norton‚ 1995 ___ “Grace Notes. New York: W. W. Nortan‚1989. Pierre‚ Malin. Rita Dove’s Cosmopolitanism. Urbana: University of Illinois Press‚ 2003 Rampersad‚ Arnold. “The legacy of Black Intellectuals.” Raritan 18.4 (Spring 1999) Steffen‚ Therese. “The Darker Face of the Earth:

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    Negotiable Instrument

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    has been amended as many as 23 times to meet the needs of the time. The last amendment was made in 2002.  Preamble It became a statutory necessity to enact law governing Promissory Notes‚ Bills of Exchange and cheques. What is a Negotiable Instrument Section 13:- " A Negotiable instrument means a promissory note‚ bill of exchange or cheque either to order or bearer." This definition does not say anything about the characteristics of a negotiable instrument but it mentions about instruments‚

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