Question: Assignment Negotiable Instruments 1. Explain what negotiability means .? 2. What are the requirements in order for an instrument to be considered negotiable? 3. What

Assignment

Negotiable Instruments

1. Explain what "negotiability" means .? 2. What are the requirements in order for an instrument to be considered negotiable? 3. What is bearer paper? 4. What is order paper? 5. What are the requirements to be considered a "holder in due course"? 6. What is the "shelter rule"? 7. How can liability be terminated with regard to an instrument? 8. What types of liability do makers, acceptors, drawers, and indorsers have? 9. What is an accommodation party and what is its liability? 10. What are the duties of a collecting bank?

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1 Negotiability refers to the ability of a financial instrument such as a promissory note or bill of exchange to be transferred from one party to anot... View full answer

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