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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.

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12y ago

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Related Questions

What is negotiability in a negotiable instrument?

That it bear the signature of the person authorizing the payment or transfer.


What is a condition in any negotiable instrument?

That it bear the signature of the person authorizing the payment or transfer.


Is share certificate a negotiable instrument?

yes, its a non negotiable instrument


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 share certificate a non negotiable instrument?

yes, its a non negotiable instrument


What is deferend betweent nogationable and nonnogationable?

The terms "negotiable" and "non-negotiable" refer to the transferability of rights or instruments. A negotiable instrument, such as a check or promissory note, can be transferred from one party to another, allowing the holder to claim the rights associated with it. In contrast, a non-negotiable instrument cannot be transferred in this way, meaning that the rights remain with the original party or are subject to more restrictive conditions. Thus, the key difference lies in the ability to transfer ownership and the rights linked to the instrument.


Is LC negotiable instrument?

A Letter of Credit (LC) is not considered a negotiable instrument in the same way that checks or promissory notes are. Instead, it is a financial document issued by a bank that guarantees payment to a seller, provided that the seller meets the specified terms and conditions. While the rights under an LC can be transferred or assigned, the instrument itself does not allow for transfer in the same manner as traditional negotiable instruments. Thus, while it can be used in trade finance, it does not possess the same characteristics as negotiable instruments.


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 are the incidents in a life of a negotioniable instrument?

Some common incidents in the life of a negotiable instrument include transfer, negotiation, presentment, dishonor, and discharge. Transfer refers to the passing of the instrument from one party to another, whereas negotiation refers to the transfer of the instrument to a holder in due course. Presentment is the act of showing the instrument to the party primarily liable on it, dishonor occurs when the instrument is not accepted or paid by the party responsible for it, and discharge happens when the liability on the instrument is terminated.


Is a certificate of deposit a negotiable instrument?

yes


Is a mortgage a negotiable instrument?

No, a mortgage is a contract.


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.