WebDec 29, 2024 · Promissory notes. This notwithstanding, the court in Webb hale and co V Alexander Water ltd noted that the existence and evolution of other negotiable instruments has not been inhibited. Other negotiable instruments include: Share Warrants, Treasury Bills, traveller cheques, bearer bonds and debentures [9], and so on.

Which law applies to negotiable instruments? OUPblog

WebA negotiable instrument is a document, a written order, with the payer named on it – it guarantees the payment of a specified amount of money, either immediately (on … WebNegotiable instruments can be broadly classified into three types, namely promissory notes, cheques, and bills of exchange. 1. Promissory Notes. These are the instruments that are … clk foot

NEGOTIABLE INSTRUMENTS BUSINESS LAW KNEC NOTES

WebSep 12, 2015 · Promise or Order: A negotiable instrument contains an unconditional promise or order to pay. In case of promissory note the debtor promises to pay a certain … Webthe effect that the promise or order is not negotiable or is not an instrument governed by this Article. (e) An instrument is a "note" if it is a promise and is a "draft" if it is an order. If an instrument falls within the definition of both "note" and "draft", a person entitled to enforce the instrument may treat it as either. WebA negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the … clk formation massage lyon