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What is a marine insurance certificate in negotiable form?
An insurance document must be endorsed by the party to whose order it is made so as to be in negotiable form
You should send non negotiable instruments by?
The best way to send a non-negotiable instrument is with proof of delivery. This will force someone at the location to sign for the document and it is admissible in court.
Is a document that is a written order to release or issue money's the most common of which is a check?
The Answer is Negotiable Instrument
What is the significance of a bill of lading?
The significance is it's a negotiable document through which shipping is contracted and paid for.
Why are checks legal negotiable instrument?
Because it is a transferable document containing a promise to pay an amount to its holder upon demand or a specified time
When was Not Negotiable created?
Not Negotiable was created in 1918.
What are the different types of negotiable and non negotiable instruments?
types of negotiable instruments are drafts ,checks,notes,and certificates of deposit# Types of negotiable instruments are 1.drafts -An order by one person to another person or to bear, 2.check- A draft drawn on a bank and payable on demand to bearer, 3. certificates of deposit- A note made by a bank acknowledging a deposit of funds made payable to the holder of the note, and 4. Note- A promise by one party to pay money to another party or to bearer.
What is the difference between negotiable instrument and cash?
Cash is, well, cash: banknotes and/or specie that are, in themselves, recognized as valid legal tender.A "negotiable instrument" is a document promising payment in cash either at a specified time or upon demand. The one most familiar to most people would be a check, though a promissory note and a bill of exchange are also negotiable instruments (a check is a particular form of a bill of exchange).
Are named Bill of lading and straight bill of lading the same?
A named Bill of landing is a negotiable Bill, capable of transferring title to the goods covered under it by its delivery or endorsement. Its terms provide that the freight is to be delivered to the bearer (or possessor) of the bill, to the order of a named party, or, as recognized in overseas trade, to a named person or assigns, a bill, as a document of title, is negotiable. In the other hand, a straight bill of landing is not negotiable. It's issued to a specific Company or person. Therefore, its terms will specify that the goods are to be delivered to the consignee only. A named Bill of landing is a negotiable Bill, capable of transferring title to the goods covered under it by its delivery or endorsement. Its terms provide that the freight is to be delivered to the bearer (or possessor) of the bill, to the order of a named party, or, as recognized in overseas trade, to a named person or assigns, a bill, as a document of title, is negotiable. In the other hand, a straight bill of landing is not negotiable. It's issued to a specific Company or person. Therefore, its terms will specify that the goods are to be delivered to the consignee only. A named Bill of landing is a negotiable Bill, capable of transferring title to the goods covered under it by its delivery or endorsement. Its terms provide that the freight is to be delivered to the bearer (or possessor) of the bill, to the order of a named party, or, as recognized in overseas trade, to a named person or assigns, a bill, as a document of title, is negotiable. In the other hand, a straight bill of landing is not negotiable. It's issued to a specific Company or person. Therefore, its terms will specify that the goods are to be delivered to the consignee only.
Is share certificate a negotiable instrument?
yes, its a non negotiable instrument
What is quasi-negotiable instrument?
Quasi negotaiable instruments are those which are capable of being transferred by delivery or endorsement but the transferor of the document cannot give a better title to holder that he himself had.
What is the difference between a negotiable certificate of deposit and a non negotiable certificate of deposit?
A negotiable CD is a transferable CD. This means unlike traditional non-negotiable CDs, it can be sold in the secondary markets to other investors. The investment amount on negotiable CDs is also substantially larger than non-negotiable CDs. It is mainly targeted at institutional investors and companies.
