Negotiable - Law Dictionary Search Results
Home Dictionary Name: negotiable Page 1 of about 188 results (0.002 seconds)Negotiable instruments
Negotiable instruments, those the right of action upon which is, by exception from the common rule, freely assignable from one to another, such as bills of exchange and promissory notes. Any person acquiring a negotiable instrument for value and in good faith can enforce the contract contained in it against the person liable on it, although the person from whom he has obtained it had no title. See also CHOSE.Promissory notes were made negotiable by 3 & 4 Anne, c. 9. and 7 Anne, c. 25, and placed in all respects upon the same footing with inland bills of exchange. [s. 13(1), Negotiable Instrument Act]The (English) Bills of Exchange Act, 1882, contains the law as to negotiation of bills of exchange, promissory notes, and cheques. S. 31 declares that these instruments are negotiated when they are transferred from one person to another in such a manner as to constitute the transferee the holder of them, and s. 32 enumerates the conditions under which an indorsement may operate as a negotia...
Negotiable
Negotiable, as a term of art describes an instrument which can give to a transferee a better title than that possessed by the transferor. A bill of lading is not 'negotiable' in this sense: the indorsee does not get a better title than his assignor. Indeed a bill of lading is 'negotiable' only in a popular, and not in a technical, sense. For it is 'negotiable' only in a popular, and not in a technical, sense. For it is 'negotiable' to the same extent as a cheque marked 'not negotiable', i.e. it is 'transferrable', Scrutton on Charterparties and Bills of Lading, 20th Edn., (1996), p. 185....
Not negotiable
Not negotiable. These words are sometimes added as part of the crossing of a cheque, with the result that no one who takes the cheque can have or can give a better title than the person had from whom he took it, see Bills of Exchange Act, 1882, s. 81; G.W. Ry. Co. v. London and County Bank, 1901 AC 422. [S. 130, Negotiable Instrument Act]A warrant for interest on War Stock signed by the Chief Accountant of the Bank of England and crossed '& Co.,' not negotiable, directing the bank's cashiers to pay a certain sum to the order of a certain person is a cheque within the meaning of the Bills of Exchange Act, 1882, and a 'warrant for payment of a dividend' within s. 95 of the same Act. A banker in good faith and without negligence receiving payment for a customer who has no title is entitled to the protection of s. 82 of the Act [Slingsby v. Westminster Bank Ltd., (1931) 1 KB 173; see also Imports Company Ltd. v. Westminster Bank Ltd., (1927) 2 KB 297; and R.E. Jones Ltd. v. Waring and Gill...
negotiable instrument
negotiable instrument : a transferable instrument (as a note, check, or draft) containing an unconditional promise or order to pay to a holder or to the order of a holder upon issue, possession, demand, or at a specified time [was determined to be a holder in due course of a negotiable instrument] see also bearer, holder in due course ...
negotiable
negotiable : capable of being negotiated ;esp : transferable from one party to another by delivery with or without endorsement so that title passes to the transferee [ securities] [a certificate of deposit] see also negotiable instrument ne·go·tia·bil·i·ty [ni-gō-shə-bi-lə-tē] n ...
To negotiate for sale
To negotiate for sale, the expression 'to negotiate for sale' in relation to the authority of an estate agent, has a definite legal connotation. He gets an authority to find a purchase, but he cannot bind the principal by entering into a contract of sale, Shanti Vijay and Co. v. Princess Fatima Fouzia AIR 1980 SC 17 (25): (1979) 4 SCC 602: (1980) 1 SCR 459....
negotiable bill of lading
negotiable bill of lading see bill of lading ...
negotiable instruments
negotiable instruments A written document signed by the maker that includes an unconditional promise to pay a sum of money. Source: FindLaw ...
Negotiable
Capable of being negotiated transferable by assignment or indorsement to another person as a negotiable note or bill of exchange...
Negotiable multimodal transport document
Negotiable multimodal transport document, means a multimodal transport document which is--(i) made out to order or to bearer; or(ii) made out to order and is transferable by endorsement; or(iii) made out to bearer and is transferable without endorsement. [Multimodal Transportation of Goods Act, 1993 (28 of 1993), s. 2 (n)]...
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