NEGOTIABLE INSTRUMENTS ACT Negotiable Instruments are money/cash equivalents. These can be converted into liquid cash subject to certain conditions. They play an important role in the economy in settlement of debts and claims. The transactions involving the Negotiable Instruments in our country are regulated by law and the framework of the Statute which governs the transaction of these instruments is known as The Negotiable Instruments Act. This act was framed in our country in the year 1881
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Case #4 Jiawei Qi Principle of audit and control (43010) Professor Ben Hoffman February 23‚ 2015 TO: Charles ward‚ CPA Partner FROM: Jiawei Qi DATE: February 23‚ 2016 SUBJECT: Assess control risk and plan tests of controls and substantive tests of transactions Introduction: The purpose of the memo is to communicate to you the outcome of the company’s control risk‚ the test of controls and substantive tests of transactions. General procedure: First‚ we assess the
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Questions for Jet Blue Case (Case #4) 1. Research on the history of Jet Blue (operational and performance highlights/lowlights/milestones from 2000 to present) a. Identify the “strategic service vision“ of Jet Blue‚ i.e.‚ target market‚ service concept‚ operating strategy‚ and service delivery system. Did their operating strategy and delivery system support the needs of their target market? b. From the research facts‚ did the owners/management of Jet Blue strictly adhere to their strategic service
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Texas A&M University-College Station 401 Joe Routt Blvd College Station‚ TX 77843 (979)845-3211 http://www.tamu.edu Statistics Texas A&M is located in a city named College Station where it has a population of 100‚050 people. Tuition Expenses • In state- $9‚522 • Out of state- $26‚356 Other Expenses • • • • Cost for room and board- $9‚522 Textbooks and supplies- $1‚000 Others (food‚ spending money ect.)- $2‚100 Total = $22‚470 Estimated cost • In state- $126‚600 • Out of state- $195‚304
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ABSTRACT Although every business uses negotiable instrument in one way or other but very few individual understand the overall scope and facts about these instruments. Negotiable instrument is an unconditional order or promise to pay an amount of money‚ easily transferable from one person to another. Negotiable Instruments have their origin in centuries past where they were developed as an alternative to the risk of carrying gold or money from market town to market town. Hence we have decided
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Negotiable Instruments As Facilitators for Trade and Commerce And Ten Years Taking Forward Presented By GROUP 5 JINAL JAIKRISHNAN- 33 DEEPA SINGH - 34 DINESH REDDY - 35 SAGAYA ALBERT – 36 BLESSON ANTONY - 37 PRITI YADAV - 38 RITU DEBNATH - 39 NITIN PATIL - 40 Submitted to: Submitted on: Prof. Anant Amdekar 6th February‚ 2012 CONTENTS TOPIC PAGE NO. 1. INTRODUCTION 2. EVOLUTION OF NEGOTIABLE INSTRUMENTS 3
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is fairly straightforward and simple‚ right? Not exactly! Patricia Dunn was accused of hiring private investigators to investigate members of the board of Hewlett Packard. These investigators used a technique known as pretexting‚ a practice of getting your personal information under false pretenses (Federal Trade Commission‚ 2008). In this case the investigators called the phone company used by each of the board members‚ impersonated the board member‚ and gave personal information to gain access to
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Negotiable Instruments A negotiable instrument is a document guaranteeing the payment of a specific amount of money‚ either on demand‚ or at a set time‚ without conditions in addition to payment imposed on the payer. Cheques or promissory notes are common examples. Negotiable instruments are often defined in legislation.Although often discussed as foundational in commercial law‚ their modern relevance is sometimes questioned. More precisely‚ it is a document contemplated by a contract‚ which warrants
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Code: FM-306 Lesson: 1 Author: Dr. S.S. Kundu Vetter: Dr. B.S. Bodla NEGOTIABLE INSTRUMENTS ACT‚ 1881 STRUCTURE 1.0 1.1 1.2 1.3 1.4 1.5 Objectives Introduction Meaning of Negotiable Instruments Characteristics of a negotiable instrument Presumptions as to negotiable instrument Types of negotiable Instrument 1.5.1 Promissory notes 1.5.2 Bill of exchange 1.5.3 Cheques 1.5.4 Hundis 1.6 Parties to negotiable instruments 1.6.1 Parties to Bill of Exchange 1.6.2 Parties to a Promissory Note 1.6.3 Parties
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INTRODUCTION - FINANCIAL INSTRUMENTS In today’s world of Globalization‚ we are witnessing free trade agreements between different countries‚ international exchanges are multiplying‚ and commercial barriers are falling. Hence competition is measured on global scale. In this wave of globalization‚ financial instruments have been growing at an incredible pace. We are currently witnessing a rapid expansion phenomenon of the use of the financial instruments in the international financial market. These
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