1.Consideration is presumed to have been provided i.e. past consideration is good
consideration.
2.A bona fide transferee of a negotiable instrument need not be notified before it is
negotiated.
3.A holder for value can sue on it in his own name.
4.If payable to the bearer, it is negotiable by delivery.
5.If payable to the order of specified person, it is negotiable by endorsement/ endorsement
and delivery.
6.The party liable on a negotiable instrument needs to be notified before it is negotiated.
Examples Include: Cheques, bills of exchange, promissory notes, share warrants, dividend
warrants, bearer debentures etc.
sharon kalunda answered the question on April 12, 2019 at 13:40
-
What is a negotiable instrument?
(Solved)
What is a negotiable instrument?
Date posted:
April 12, 2019
.
Answers (1)
-
How does bailment differ from agency?
(Solved)
How does bailment differ from agency?
Date posted:
April 12, 2019
.
Answers (1)
-
What is the difference between Trust and Agency?
(Solved)
What is the difference between Trust and Agency?
Date posted:
April 12, 2019
.
Answers (1)
-
Discuss the essentials of an insurance contract?
(Solved)
Discuss the essentials of an insurance contract?
Date posted:
April 12, 2019
.
Answers (1)
-
Highlight the consequences of Non Registration of a Partnership Form of Business Organization.
(Solved)
Highlight the consequences of Non Registration of a Partnership Form of Business Organization.
Date posted:
April 12, 2019
.
Answers (1)
-
State the characteristics of contract of guarantee.
(Solved)
State the characteristics of contract of guarantee.
Date posted:
April 12, 2019
.
Answers (1)
-
Highlight ways in which the hire purchase act attempts to protect the hirer for exploitation.
(Solved)
Highlight ways in which the hire purchase act attempts to protect the hirer for exploitation.
Date posted:
April 12, 2019
.
Answers (1)
-
State the purposes served by the registration of a hire purchase agreement.
(Solved)
State the purposes served by the registration of a hire purchase agreement.
Date posted:
April 12, 2019
.
Answers (1)
-
Highlight the circumstances under which the Registrar may refuse to register a Hire Purchase Agreement.
(Solved)
Highlight the circumstances under which the Registrar may refuse to register a Hire Purchase Agreement.
Date posted:
April 12, 2019
.
Answers (1)
-
State the content of the Hire Purchase agreement.
(Solved)
State the content of the Hire Purchase agreement.
Date posted:
April 12, 2019
.
Answers (1)
-
Outline the functions/purposes of administrative law.
(Solved)
Outline the functions/purposes of administrative law.
Date posted:
April 12, 2019
.
Answers (1)
-
State and explain the categories of administrative functions.
(Solved)
State and explain the categories of administrative functions.
Date posted:
April 12, 2019
.
Answers (1)
-
Highlight the issues addressed by the constitution of kenya
(Solved)
Highlight the issues addressed by the constitution of kenya
Date posted:
April 12, 2019
.
Answers (1)
-
Outline the purpose/functions of a law.
(Solved)
Outline the purpose/functions of a law.
Date posted:
April 12, 2019
.
Answers (1)
-
Highlight characteristics of law.
(Solved)
Highlight characteristics of law.
Date posted:
April 12, 2019
.
Answers (1)
-
Explain instances when a court might review an administrative action
(Solved)
Explain instances when a court might review an administrative action.
Date posted:
April 8, 2019
.
Answers (1)
-
Highlights six reasons why law is important in commercial transaction
(Solved)
Highlights six reasons why law is important in commercial transaction.
Date posted:
October 13, 2018
.
Answers (1)
-
Discuss the liability of parties to a bill of exchange.
(Solved)
Discuss the liability of parties to a bill of exchange.
Date posted:
May 3, 2018
.
Answers (1)
-
Why is it important to determine when property in goods passes from seller to buyer?
(Solved)
Why is it important to determine when property in goods passes from seller to buyer?
Date posted:
May 3, 2018
.
Answers (1)
-
Write brief notes on Industrial Court.
(Solved)
Write brief notes on Industrial Court.
Date posted:
May 3, 2018
.
Answers (1)