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Negotiable instrument - Wikipedia, the free encyclopedia
A negotiable instrument is a specialized type of "contract" for the payment of money that is unconditional and capable of transfer by negotiation. Common examples include cheques, banknotes (paper m...
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73.0102 Application of chapter. (1) This chapter applies to negotiable instruments. This chapter does not apply to money, to payment orders governed by ORS chapter 74, or to securities governed by ORS chapter 78.
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; Chapter 24 - Negotiable Instruments Notes; The key points in this chapter include: ... 1. The four types of negotiable instruments. ... This chapter outlines types of negotiable instruments, requirements for negotiability, and the effect of indorsements. I. ARTICLE 3 AND ITS REVISION ; UCC Articles 3 applies to...
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negotiable instrument - definition of negotiable instrument - A transferable, signed document that promises to pay the bearer a sum of money at a future date or on demand. Examples include checks, bills of... ... accommodation paper - A negotiable instrument signed by a party without receiving something of value in return.
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A. Except as provided in subsections C and D, "negotiable instrument" means an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges described in the promise or order, if it:
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The Legal Term * Negotiable * Defined & Explained ... NEGOTIABLE - An instrument is negotiable when the rules of law allow it to be traded between parties and good faith holders (Holders in Due Course) receive the instrument free of most defenses. A promissory note, properly drafted, is a negotiable instrument.
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