Negotiation - Law Dictionary Search Results

Holder in due course

the bill [cheque or note] in good faith and for value, and that at the time it was negotiated to him he had no notice of any defect in the title of the person who negotiated it,

Act, containing ss. 138 to 142, was inserted in the Act as per Banking Public Financial Institution and Negotiable Instruments Laws (Amendment) Act, 1968. When the legislature contemplated that notice in writing should be given to the

bank

interest rate collecting bank : a bank other than the payor bank that is handling for collection a negotiable instrument or a promise or order to pay money commercial bank : a bank organized chiefly to handle

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Payee

Payee, means person named in a negotiable instru-ment, to whom or to whose order the money is, by the instrument, directed to be paid, Negotiable

note

note : a note payable on demand compare time note in this entry floating rate note : a negotiable note that yields an indexed and periodically adjusted variable rate of interest called also floater hand note :

defense

is liable compare complete defense in this entry b : a basis upon which an obligor of a negotiable instrument may avoid liability under the instrument personal defense : a defense of an obligor under a negotiable

contract

implied in law : quasi contract in this entry contract of adhesion : a contract that is not negotiated by the parties and that is usually embodied in a standardized form prepared by the dominant party contract

cancel

for a court to find that there was an intent to cancel it. b : to make (a negotiable instrument) unenforceable esp. by purposely marking through or otherwise marring the words or signature of NOTE: As stated

Bill of Exchange

bill to another, he is called the endorser, and the person to whom it is thus assigned or negotiated is the endorsee or holder, and so on ad infinitum. A payee is not a holder in due

Cheque Crossed Specially

across its face an addition of the name of a banker, either with or without the words 'not negotiable', that addition shall be deemed a crossing, and the cheque shall be deemed to be crossed specially, and

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