Seven essential criteria for negotiable instruments
What are the seven essential criteria for negotiable instruments?
Expert
There are seven essential criteria for negotiable instruments to acquire the desirable features are:-
1. The promise or order must be in writing.
2. The obligation must be for money payment.
3. The money promised must be a "sum certain."
4. The promise or order must be unconditional.
5. The money must be payable at a fixed or determinable time or on demand.
6. Negotiation must be of the whole instrument.
7. The instrument must be signed by the drawer or maker (or an authorized agent).
How transfers of interests in Land occur?
Explain administration and settlement of a bankrupt's affairs?
Illustrate Contract and the term Corporation?
What are the Remedies for Breach of Contract?
Illustrate the statutory corporations?
What are the duties of Officers and Directors?
Illustrate what do you mean by Exemption Clauses?
How personal property rights acquired?
Explain Monopolizing of a Competition Act?
18,76,764
1931601 Asked
3,689
Active Tutors
1450946
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!