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The difference between transferability and negotiable instrument?
otiability and transferability?
How do you pass a cheque?
cheque is a negotiable instrument it will pass through on across the the counter or if it is a order cheque can en-cash through counter.
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
Can section 138 of negotiable instrument act is applicable if the bank memo return with the remark account blocked?
Yes since account is in existece hence offence is madeout
What does account payee only mean on a cheque?
Words added to the crossing on a check to ensure that check is paid only into the account of the entity to whom the check is made out. This step makes a check a non-negotiable instrument, and provides protection against its fraudulent conversion. The words 'not negotiable' have the same effect.
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
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,
What are the features of negotiable instrument?
A negotiable instrument is capable of being transferred by delivery or indorsement when the transferee takes the instrument for value, in good faith, and without notice of conflicting title claims or defenses. A negotiable instrument could be a check made out to another person, because that person could endorse it for payment or transfer it to someone else as payment to them.
How can negotiable instruments be endorsed?
Endorsement of negotiable instrument, this is the situation where by the right of instrument is transfered from one person to another.it can be endorsed simply by signing back of the instrument e.g cheque and name the new payee and hence the instrument is said to be endorsed in this way.
