Page 176 - DMGT102_MERCANTILE_LAWS_I

Mercantile Laws-I Gopika Juneja, Lovely Professional University

Notes Unit 14: Law of Negotiable Instruments

CONTENTS

Objectives
Introduction
14.1 Negotiable Instrument
14.2 Important Terms and Essential of Negotiable Instrument
14.2.1 Ambiguous Instrument (Sec.17)

14.2.2 Inchoate Stamped Instruments (Sec.20)
14.2.3 Capacity of Parties to the Negotiable Instrument
14.2.4 Essential Elements of a Negotiable Instrument
14.3 Promissory Notes and Bills of Exchange

14.3.1 Promissory Note
14.3.2 Bill of Exchange
14.3.3 Distinction between a Promissory Note and a Bill of Exchange
14.4 Cheques
14.4.1 Specimen of a Cheque

14.4.2 Requisites of a Cheque
14.5 Holder and Holder in due Course
14.6 Negotiation of a Negotiable Instrument
14.6.1 Meaning of Negotiation

14.6.2 Negotiation and Assignment
14.6.3 Endorsement
14.6.4 Forged Endorsement (Sec.85)
14.7 Presentment
14.7.1 Maturity (Secs.21-25)
14.7.2 Presentment for Payment

14.8 Dishonour
14.8.1 Dishonour of a Bill
14.8.2 Noting
14.8.3 Protesting (Sec.100)

14.9 Crossing of Cheques
14.9.1 Meaning of Crossing
14.9.2 Significance of Crossing

14.9.3 Types of Crossing

Contd...

170 LOVELY PROFESSIONAL UNIVERSITY