Business Law Case

Business Law Case

Introduction

Negotiable instruments include securities (mainly stocks and bonds) and commercial paper (bill of exchange, promissory note and bearer, and in some measure, check). The original owner (the issuer) must countersign the title and the new owner is then allowed to reap the benefits of the effect (in the case of the check, he can withdraw money from the bank in the case of a bearer bond, he can resell).

Discussion

To be considered a commercial, the document must not only contain a promise to pay a sum of money that can be transmitted, but also contain certain mandatory. ...