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Negotiable Instruments

Negotiable Instruments

Negotiable Instruments. I. GENERAL IDEAS & FUNCTIONS A. To make like “money” 1. Originated with merchants before paper currency a. Allowed “trade” without having any thing to trade b. Allowed transfer of cash without carrying coins

By jana
(119 views)

Chapter 32: Transfer of Negotiable Instruments and Warranties of Parties

Chapter 32: Transfer of Negotiable Instruments and Warranties of Parties

Chapter 32: Transfer of Negotiable Instruments and Warranties of Parties. Assignment vs. Negotiation. Negotiable instruments can be transferred by assignment or negotiation . When an instrument is assigned, the transferee has the rights of the transferor, but nothing more.

By clover
(218 views)

Negotiation

Negotiation

Negotiation. Negotiation. Negotiation. Payee transfers instrument (rather than just keeping it and getting money from obligor): Payment to creditor (goods, services, land, loan repayment, etc.) Gift to a donee Deposit in payee’s bank account. Requirements for Holder Status.

By howell
(259 views)


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