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CHAPTER I Form and Interpretation. SECTION 1.Form of Negotiable Instruments. — An instrument to be negotiable must conform to the following requirements: (a)It must be in writing and signed by the maker or drawer; (b)Must contain an unconditional promise or order to pay a sum certain in money;
This document provides an overview of negotiable instruments law in the Philippines. It defines negotiable instruments as written contracts for the payment of money that are intended to pass from hand to hand.
Negotiable Instrument – A written instrument signed by the maker or drawer containing an unconditional promise or order to pay a sum certain in money which is payable on demand, or at a fixed or determinable future time.
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Most important characteristic of negotiable instruments is the accumulation of secondary contracts which they pick up and carry with them as they are negotiated from one person to another Advantage: they improve as they pass from hand to hand, as more debtors are added
Law on Negotiable Instruments Reviewer - Free download as PDF File (.pdf), Text File (.txt) or read online for free. The document discusses the Law on Negotiable Instruments in the Philippines. It provides an overview of the history and evolution of negotiable instruments.
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This document provides an overview of key concepts in Philippine negotiable instruments law, specifically Act No. 2031. It discusses the origins and codification of negotiable instruments law.