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

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14y ago

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Related Questions

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 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.


What type of negotiable instrument is a personal check?

A personal check is a promise to pay the amount the checkbis written for. A personal check is not negotiable under any circumstances.


What is a government check?

A government check is any negotiable instrument drawn on the account of the funds of any government agency.


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


Is a mortgage a negotiable instrument?

No, a mortgage is a contract.


Why is warehouse receipt not a negotiable instrument?

A warehouse receipt is not a negotiable instrument because the receipt states that the goods received will be delivered to the depositor or to a specified person.Such a receipt does not state that the goods will be delivered to the bearer or to the order of any person named in the receipt.


What is material alteration in negotiable instrument?

Material alterations in a negotiable instrument are alterations on the face of the instrument altering how the instrument is paid or negotiated, and to whom negotiated. A material alteration to a negotiable instrument could also be the entry of a court order regarding the instrument that changes these aspects of the instrument.Generally, the laws affecting negotiable instruments are:(1) the provisions of Article 3 of the Uniform Commercial Code as enacted in State statute; and,(2) the common law interpreting the statutes; and,(3) common-law principles as to negotiable instruments exclusive of Article 3 of the UCC, if allowed for in State statute.


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.