are instruments for making payments and discharging business obligations What is a Negotiable Instrument? The Negotiable Instruments Act does not define a negotiable instrument but merely states, “ a negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or bearer.” (Section 13). This section does not prohibit any other instrument that satisfies the essential features of portability. Justice K. C. Willis defines these as, “ one the property in
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1881. It is an Act to define and amend the law relating to promissory notes, bills of exchange and cheques. The Act does not affect the custom or local usage relating to an instrument in oriental language i.e., a Hundi. The term "negotiable instrument" means a document transferable from one person to another. However the Act has not defined the term. It merely says that "A .negotiable instrument" means a promissory note, bill of exchange or cheque payab1e either to order or to bearer. [Section
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Promissory Note (Lump-Sum Payment) 1. Names. Borrower: ________Shayne Ward____________________________________________ Address: ________Suite 1173 Sacramento, CA 95814, USA_______________________ Lender: _________Kelly Clarkson____________________________________________ Address: _________PO Box 309. Hickory, NC 28603. USA_______________________ 2. Promise to Pay. For value received, Borrower promises to pay Lender $___10,000___ and interest at the yearly rate of ___8__% on the unpaid
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Spilling every lie you've spilled before, still I'm not forgiving you. What's happened between us? What can I give to save us? Being righteous isn't quite enough! What's happened between us? What can I give to save me? ~A Single Moment Of Sincerity Album: Stand Up And Scream Asking Alexandria, a band that started in Dubai actually by lead guitarist Ben Bruce and his friends. They weren’t called Asking Alexandria at first, but they later changed their name to AA and then disbanded. Ben moved back
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Innovation Organisations: The 3M Way Damian Gordon Recommended Reading 3M formerly known as the Minnesota Mining and Manufacturing Company Founded on the North Shore of Lake Superior at Two Harbors, Minnesota in 1902 With over 76,000 employees they produce over 55,000 products, including: adhesives, abrasives, laminates, passive fire protection, dental products, electrical materials, electronic circuits and optical films Richard Drew June 22, 1899 – December 14, 1980 American
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Stakeholder SupportChapter Thirteen: Defining Change | Session Seven | Chapter Fourteen: Sustaining ExcellenceChapter Fifteen: Lessons Across the GlobeChapter Sixteen: Teacher Leadership | Materials for Each Participant: * Folder * Post-it Notes * Highlighter * Reflection Sheet * Book: Leading Change in Your School Members of the Leadership Team will meet in the Professional Learning Room. Materials will be distributed. Each participant will write his/her name on the folder
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NCC BANK LTD. ANNEXUR- ‘A’ Loan Documentation Checklist |Borrower : |M/S.Chandra Spinning Mills Ltd. CD A/C# 0210008345 | |Registered Address : |240 Tejgao Industrial Area, Dhaka-1208 | |Status : |Private Limited Company
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Acceptances (BAs) * Commercial Paper * Crown Corporate PaperT-Bills * What are they? Treasury Bills (T-bills) are short-term debt instruments issued by both the US and Canadian governments. Similar to Federal T-bills, Provincial T-bills and promissory notes are backed in full by the issuing province. Their many attractive features make T-bills popular investment vehicles for individual, institutional, and corporate investors. T-bills offer the highest possible level of financial security. * Term/Liquidity
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adopted this phrase. Sec. 9 of the Negotiable Instruments Act stresses on a more stringent condition on a Holder in Due Course as compared to one under Section 29 (1) (b) of the Bills of Exchange Act, 1882. HE must not only have acquired the bill, note or cheque for valid consideration but should have acquired the instrument without having sufficient cause to believe that any defect existed in the title of the person from whom he received the instrument. This condition requires that he should act
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Interest Expense | 12,000 | | | | | Cash | | | | | | ($200,000 X 12% X 6/12) | | 12,000 | | (c) | 12/31/10 | Interest Expense | 12,000 | | | | | Interest Payable | | 12,000 | | | | | | | Note to instructor: Some students may credit Interest Payable on 6/1/10. If they do so, the entry on 7/1/10 will have a debit to Interest Payable for $10,000 and a debit to Interest Expense for $2,000. EXERCISE 14-6 (15–20 minutes) Schedule
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