Set out which Parties to a negotiable instrument the following facts would relate to and why. a)
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Question:
Set out which Parties to a negotiable instrument the following facts would relate to and why.
a) Victor promises Emma whom he owes N$ 6000 that he will pay her what he owes her in due course. (3 Marks).
b) Morocco demands settlement of N$ 8000 which one of his creditors owes him by sending a demand in writing. (3 Marks)
c) Set out the elements which would give rise to a negotiable instrument. (5 Marks)
d) Set out the circumstances which would discharge of a negotiable instrument. (4 Marks)
Expert Answer:
a Facts Victor promises Emma whom he owes N 6000 that he will pay her what he owes her in due course Promissory Note A promissory note also known as the note payable is a negotiable instrument which i... View the full answer
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