Negotiable instrument: Difference between revisions
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A promise to pay money which is freely transferable without formality from one person to another. | A promise to pay money which is: | ||
*freely transferable | |||
*without formality | |||
*from one person to another. | |||
So a negotiable instrument can be transfered simply by endorsement or by delivery (depending what type of negotiable instrument it is). | So a negotiable instrument can be transfered simply by endorsement or by delivery (depending what type of negotiable instrument it is). | ||
Revision as of 07:10, 14 November 2017
A promise to pay money which is:
- freely transferable
- without formality
- from one person to another.
So a negotiable instrument can be transfered simply by endorsement or by delivery (depending what type of negotiable instrument it is).
