0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the meaning of LC in accounting?
LC Means letter of Credit. It is a negotiable instrument to make payment through bankers of both parties, i.e. Payer & Payee
Is share certificate a negotiable instrument?
yes, its a non negotiable instrument
Is share certificate a non negotiable instrument?
yes, its a non negotiable instrument
Is a wire transfer a negotiable instrument?
No You are asking if the medium of transfer is a negotiable instrument It is not. A wire transfer represents the medium (or method) of transfer. It is like asking if the stage coach transporting the money is a negotiable instrument, it is not. Money itself is a negotiable instrument, the medium itself is not.
Does a post dated check comply with the definition of a check and is such a check a valid negotiable instrument?
no it does not complt with the definition of a cheque and its not a valid negotiable instrument
What is meant by LC of an instrument?
riva
Is a mortgage a negotiable instrument?
No, a mortgage is a contract.
Is a certificate of deposit a negotiable instrument?
yes
What is material alteration in discharge of contract?
essential of negotiable instrument say's that a negotiable instrument must be unconditional so when we will alter any condition in it then it will be discharged.
Is a cheque negotiable instrument?
No. A cheque is a non-negotiable monetary instrument. The value of the cheque cannot be modified or negotiated and hence the term non-negotiable. The amount filled up by the cheque issuer is the value of the cheque and it would not change.
Is a variable interest rate a negotiable instrument?
No, an instrument is something like a bond or cd.
Why credit card is not a negotiable instrument?
Paper checks and cash can be countersigned and forward to a third party for payments in a unrelated situation. Credit card charges can not. The term "Negotiable Instrument," or "Instrument" is usually defined in law,
