Documente Academic
Documente Profesional
Documente Cultură
2031
Negotiable (N) vs. Non- Negotiable (NN)
REPORTER:
3/16/2014
2. Transferred by negotiation 3. Prior parties warrant payment 4. A holder in due course (HDC) can have rights better than his transferor.
3. By negotiation
3. By negotiation
5. In negotiation, presentment for payment and notice of dishonor is required to make an indorser liable.
3. Drawer is secondarily liable Maker is primarily liable 4. If payable to the drawers order, complete even without indorsement 5. Must be presented for acceptance If payable to the makers own order, not complete until indorsed by maker No need of acceptance