Background
According to Referenceforbusiness.com (2015), Negotiable instruments (Links to an external site.) are written orders or unconditional promises to pay a fixed sum of money on demand or at a certain time. Promissory notes, bills of exchange, checks, drafts, and certificates of deposit are all examples of negotiable instruments. Negotiable instruments may be transferred from one person to another, who is known as a holder in due course. Upon transfer, also called negotiation of the instrument, the holder in due course obtains full legal title to the instrument. Negotiable instruments may be transferred by delivery or by endorsement and delivery.
Please use the following to assist you in your research
Access the powerpoint by Piryush Dobaryia titled Types of Negotiable Instruments (Links to an external site.).
(640 words .19hr)
Prompt
There are 7 requirements to negotiability. List and explain these requirements. Look at the relationship between negotiable instruments and liabilities. How does this affect the signing parties? Can one party be held fully responsible if another party withdraws?
What You Will Turn In:
A written APA formatted paper of at least 675 words with at least three references and citations.
Assignment Expectations
- Answer the questions using paragraph form
- Combined, answers should be at least 675 words
- Use a combination of your own ideas and content from the text keeping in mind the 80/20 rule
- APA format
- At least three references and citations