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No, a mortgage is a contract.

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13y ago

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Related Questions

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 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.


Is a marriage certificate a negotiable instrument?

No, a marriage certificate is not a negotiable instrument. A negotiable instrument, such as a check or promissory note, is a written document that guarantees the payment of a specific amount of money to the holder. In contrast, a marriage certificate serves as a legal proof of marriage and does not represent a financial value or transferable right.


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.


Is commercial paper a negotiable instrument?

Yes, commercial paper is considered a negotiable instrument. It is an unsecured, short-term debt instrument issued by corporations to raise funds, typically for working capital needs. As a negotiable instrument, it can be transferred to other parties, allowing holders to sell or endorse it to others. This transferability enhances its liquidity in the financial markets.


Is this instrument negotiable when a bank sued on the note it said it was a holder of a negatiable instrument?

To determine if the instrument is negotiable, one must assess if it meets the criteria outlined in the Uniform Commercial Code (UCC), which includes being in writing, signed by the maker, containing an unconditional promise to pay, and specifying a fixed amount of money. If the bank is indeed a holder of a negotiable instrument and the instrument complies with these requirements, it can sue on the note. However, if the instrument fails to meet these criteria, it may not be considered negotiable, potentially affecting the bank's ability to enforce it.