Negotiable Instruments L08 Explain how the liability of a party to pay an instrument is normally discharged. Discharge of Liability The obligation of a party to pay an instrument is discharged (1) if he meets the requirements set out in Revised Article 3 or (2) by any act or agreement that would discharge an obligation to pay money on a simple contract. Discharge of an obligation is not effective against a person who has the rights of a holder in due course of the instrument and took the instrument without
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Alliston Instruments-Case Study Executive Summary In 2011 two Asian firms entered the Canadian market in 2011. An Asian competitor made a major sales push by slashing prices in late 2011‚ cutting dramatically into Alliston’s sales in 2012. This move caused Alliston to lay-off 50 employees their largest layoff in company history. Alliston introduces new products to its line to counter the Asian firm but employees had no interest in working on the new products and preferred the old products to work
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By payment in due course: The instrument is discharged by payment made in due course by the party who is primarily liable to pay‚ or by a person who is accommodated in case the instrument was made or accepted for his accommodation‚ The payment must be made at or after the maturity to the holder of the instrument if the maker or acceptor is to be discharged. A payment by a party who is secondarily liable does not discharge the instrument. By party primarily liable by becoming holder (Section
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Musical Instruments The Chinese philosopher Confucius said long ago that “Music produces a kind of pleasure which human nature cannot do without.” Being able to play any musical instrument is extremely satisfying. This includes everyone from the person who has mastered her instrument right down to the beginner who knows only a few chords. I personally believe that if there’s one thing you should learn in your lifetime‚ it’s how to play an instrument. Learning to play a musical instrument offers
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Music and Instruments Secular and religious music in Medieval Europe was an important part of everyday life in the Middle Ages‚ it was most important time was during festivities and celebrations. The people in those times would celebrate on any occasions from all holidays that we celebrate like Christmas‚ to even before meals. In that period of time music was more important and a great form of entertainment than it is modern time. They had many different types of music and instruments they played
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Statutory Instrument 89 of 2013: A case of political law The recently gazetted Statutory Instrument 89 of 2013 (S.I.89 of 2013) has confirmed the long held public assumption that politics in Zimbabwe precedes law‚ that our problems are inherently political and the law is created and interpreted to suit certain political ambitions. S.I.89 of 2013 (termed Electoral (Accreditation of Observers) Regulations)‚ which is one of the many instruments that have been gazetted as ZANU PF prepares to frog
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NEGOTIABLE INSTRUMENTS ACT 1881 SECTIONS REFERANCE 4 Definition of promissory note. 5 Definition of bills of exchange. 6 Definition of Cheque. 8 Definition of holder of bills of exchange. 9 Holder in due course. 11 Inland instruments. 12 Foreign instruments. 14 Negotiation of bills of exchange. 15 Endorsement of bills of exchange. 13 Definition of negotiable instruments. 17 Ambiguous instrument. 20 Incomplete or inchoate instruments. 22 Maturity
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A public policy Instrument constitutes a device that is both technical and social‚ that organizes specific social relations between the state and those it is addressed to‚ according to the representations and meanings it carries. It is a particular type of institution‚ a technical device with the generic purpose of carrying a concrete concept of the politics/society relationship and sustained by a concept of regulation It is possible to differentiate between levels of observation by
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Chinese music Instruments In this research paper I will introduce four Chinese music instruments: Chinese drum‚ Guzheng‚ Qin and Chinese lute. Chinese drum is still very popular in china for the old generation‚ and they use drum as an exercise for body training. GuZheng is a Chinese traditional instrument; furthermore‚ I remember when I was in the secondary‚ one of my classmate played GuZheng very well. In every public holiday‚ she will show GuZheng; moreover‚ it’s really specially. The third
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Assessment Instruments Personality Assessment Instruments Personality Assessment instruments are comprised of theories and techniques to measure an individual’s personality traits. The traditional psychoanalytical theories provide a framework for understanding negative behavior as well as concepts that predict future behavioral outcomes. Because of the possibility of predictive personality traits‚ career counselors and organizations have used personality assessment instruments to screen possible
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