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    Mercantile - Law - BarQA - 2009-2017 2-2

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    junaisa
    This document outlines the rights and responsibilities of various parties involved in negotiable instruments like promissory notes and checks. It discusses key concepts such as holders in due course, presentment for payment, notice of dishonor, discharge of negotiable instruments, material alterations, acceptance, and presentment for acceptance. The document provides definitions and rules governing these legal terms and procedures related to negotiable financial documents.

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    Mercantile - Law - BarQA - 2009-2017 2-2

    Uploaded by

    junaisa
    14 views1 page
    This document outlines the rights and responsibilities of various parties involved in negotiable instruments like promissory notes and checks. It discusses key concepts such as holders in due course, presentment for payment, notice of dishonor, discharge of negotiable instruments, material alterations, acceptance, and presentment for acceptance. The document provides definitions and rules governing these legal terms and procedures related to negotiable financial documents.

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    Mercantile_Law_BarQA_2009-2017 2-2

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    This document outlines the rights and responsibilities of various parties involved in negotiable instruments like promissory notes and checks. It discusses key concepts such as holders in due course, presentment for payment, notice of dishonor, discharge of negotiable instruments, material alterations, acceptance, and presentment for acceptance. The document provides definitions and rules governing these legal terms and procedures related to negotiable financial documents.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views1 page

    Mercantile - Law - BarQA - 2009-2017 2-2

    Uploaded by

    junaisa
    This document outlines the rights and responsibilities of various parties involved in negotiable instruments like promissory notes and checks. It discusses key concepts such as holders in due course, presentment for payment, notice of dishonor, discharge of negotiable instruments, material alterations, acceptance, and presentment for acceptance. The document provides definitions and rules governing these legal terms and procedures related to negotiable financial documents.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    G. Rights of the Holder .......................................................................................................

    58
    1. Holder in Due Course
    2. Defenses Against the Holder
    H. Liabilities of Parties ........................................................................................................ 66
    1. Maker
    2. Drawer
    3. Acceptor
    4. Indorser
    5. Warranties
    I. Presentment for Payment ............................................................................................... 79
    1. Necessity of Presentment for Payment
    2. Parties to Whom Presentment for Payment Should Be Made
    3. Dispensation with Presentment for Payment
    4. Dishonor by Non-Payment
    J. Notice of Dishonor .......................................................................................................... 81
    1. Parties to Be Notified
    2. Parties Who May Give Notice and Dishonor
    3. Effect of Notice
    4. Form of Notice
    5. Waiver
    6. Dispensation with Notice
    7. Effect of Failure to Give Notice
    K. Discharge of Negotiable Instrument................................................................................ 83
    1. Discharge of Negotiable Instrument
    2. Discharge of Parties Secondarily Liable
    3. Right of Party Who Discharged Instrument
    4. Renunciation by Holder
    L. Material Alteration .......................................................................................................... 85
    1. Concept
    2. Effect of Material Alteration
    M. Acceptance ................................................................................................................... 88
    1. Definition
    2. Manner
    3. Time for Acceptance
    4. Rules Governing Acceptance
    N. Presentment for Acceptance .......................................................................................... 88
    1. Time/Place/Manner of Presentment
    2. Effect of Failure to Make Presentment
    3. Dishonor by Non-Acceptance
    O. Promissory Notes .......................................................................................................... 89
    P. Checks .......................................................................................................................... 89
    1. Definition .................................................................................................................. 91
    2. Kinds........................................................................................................................ 92
    3. Presentment for Payment ......................................................................................... 95
    a. Time
    b. Effect of Delay

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