Yahoo Web Search

Search results

  1. A negotiable instrument is a written document, signed by the maker or drawer, containing an uncondi-tional promise to pay, or order to pay, a certain sum of money on delivery or at a definite time to the bearer, or to the order of. It can be transferred from party to party and accepted as a substitute for money.

    • 3MB
    • 18
  2. A negotiable instrument is a written document, signed by the maker or drawer that contains an unconditional promise to pay a certain sum of money on delivery or at a definite time to the bearer.

    • 17KB
    • 2
  3. Two Distinctive Features of NI: Negotiability - it is that attribute or property whereby a bill or note or check may pass from hand to hand similar to money, so as to give the holder in due course the right to hold the instrument and to collect the sum payable for himself free from defenses.

  4. Title: Mastering negotiable instruments (UCC Articles 3 and 4) and other payment systems / Michael D. Floyd. Description: Second edition | Durham, North Carolina : Carolina Academic

    • 141KB
    • 22
  5. The UCC defines a negotiable instrument as an unconditioned writing that promises or orders the payment of a fixed amount of money. Drafts and notes are the two categories of instruments. A draft is an instrument that orders a payment to be made. An example is a check.

  6. Key concepts discussed include negotiability, holders in due course, and the functions of negotiable instruments. This document provides a conceptual framework and overview of negotiable instruments law.

  7. People also ask

  8. Aug 14, 2024 · A negotiable instrument is a signed document that promises a payment to a specified person or assignee. Negotiable instruments are transferable, which allows the recipient to take the funds as...