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).


See also