Page 82 - DMGT407Corporate and Business Laws

Shil Professio University Unit 4: Law of Negotiable Instruments

Unit 4: Law of Negotiable Instruments Notes

CONTENTS
Objectives
Introduction
4.1 Meaning and Definition of a Negotiable Instrument
4.1.1 Meaning of a Negotiable Instrument

4.1.2 Certain Important Concepts and Explanations of Certain Terms
4.2 Promissory Notes and Bills of Exchange
4.2.1 Definition of a Promissory Note

4.2.2 Meaning of a Bill of Exchange
4.3 Cheques
4.3.1 Meaning of a Cheque
4.3.2 Specimen of a Cheque
4.3.3 Requisites of a Cheque

4.3.4 A Bill of Exchange and a Cheque Distinguished
4.4 Holder and Holder in Due Course
4.4.1 Meaning

4.4.2 Privileges of a Holder in Due Course
4.5 Negotiation of a Negotiable Instrument
4.5.1 Negotiation and Assignment
4.5.2 Endorsement
4.6 Presentment

4.6.1 Maturity (Ss.21-25)
4.6.2 Presentment for Payment
4.7 Dishonour

4.7.1 Dishonour of a Bill
4.7.2 Noting
4.7.3 Protesting (S.100)
4.8 Crossing of Cheques
4.8.1 Significance of Crossing

4.8.2 Types of Crossing
4.8.3 Who can Cross a Cheque?
4.9 The Paying Banker

4.9.1 Payment in Due Course
Contd...

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