Promissory Notes, Bill of exchange and Cheque
by Negotiable Instruments are written contracts whose benefit could be passed on from its original holder …
Tag: OU B.com Notes
Characteristics of Negotiable Instrument
Property The possessor of the negotiable instrument is presumed to be the owner of the …
Negotiable instruments Act 1881 and it’s Features
The law relating to “Negotiable instruments” is contained in the Negotiable Instruments Act, 1881. The Act …
Loan Amortization
An amortized loan is a loan with scheduled periodic payments that are applied to both …
Time Value of Money, Present, Future Value of Money
The time value of money is generally a principle within a financial theory which states …
Right and Liabilities of Paying and Collecting Banker
The following are the rights of a collecting banker: The banker should present the cheque …
Dishonours of cheques
Where any cheque drawn by a person on an account maintained by him with a …
Presentment
The written notice taken by a grand jury of any offence, from their own knowledge …
Endorsement, Types
The act of a person who is a holder of a negotiable instrument in signing …
Cheque Parties, Types
A cheque is a very common form of negotiable instrument. You need a savings bank …