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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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 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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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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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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to the Black Death‚ many instruments were made during the time as an improvement of musical appreciation. Many instruments that were made during the time are still used today (bagpipes and harps)‚ while the rest eventually transformed into instruments people currently know about and play (trumpets‚ guitars‚ flutes‚ violins‚ etc.). During a Renaissance fair‚ people can listen to the sounds the instruments made back then‚ and how those sounds became similar to the instruments used today. Invented in
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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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Texas Instruments Facts: * The company was founded in 1930 as Geophysical Service Inc. * GSI used seisms signal processing technology to search for oil. * GSI was sold to four of its mangers eleven years after its formation. * Texas Instruments Incorporated is headquartered in Dallas‚ Texas. * The company has manufacturing‚ design and sales operations in more than 25 countries. * It has three separate business segments: (1) Semiconductor 85%. (2) Sensors & Controls
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Flight Instruments It seems as if though cockpits of modern jets are becoming more and more intricate and complex. The have added greatly to the primary flight instruments and have filled vast amounts of space in cockpits. It is still very relevant to the aircraft for which it is designed‚ but lets get back to basics. Lets cut out all of the excess and focus on a few primary instruments‚ instruments that one would be guaranteed to find no matter the plane. These are the instruments that make
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Kulintang is the (percussion) gong musical instrument of Mindanao‚ Philippines. It is a single musical instrument composed of 7-8 gongs laid horizontally on a stand. Kulintang music is considered an ancient tradition that predates the influences of Islam‚ Christianity‚ and the West. In the Philippines‚ it represents the highest form of gong music attained by Filipinos‚ Malaysians‚ and Indonesians. It is said to have existed for centuries. As ancient as this music is‚ there has never been substantial
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