MBAL-105: Legal Aspects in Business – Unit 13
Objectives: explain the meaning of a negotiable instrument and its negotiability; narrate the implications of ambigious and incohate instruments; describe the ‘holder in due course’ of an negotiable instrument and desscribe the priviledges of a holder in due course.
Materials:
The relevant material is available here.
Questions:
- Describe the general charachteristics of negotiable instruments.
- What are the legally permitted presumptions in respect of negotiable instruments?
- Explain the law relating to ambigious and inchonate instruments.
- Differentiate between the holder and a holder in due course.
- Who is a holder in due course? Explain his priviledges.