Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

Lab 5_1663151348.doc...
The GIS is used to gather, maintain, and analyzing the data in the field of public safety and the environment. For instance, in the agricultural field, it integrates vital variables like complacence d...

Lab 5
Lab 5

The GIS is used to gather, maintain, and analyzing

Week 8 Discussion_16...
The upper respiratory tract (URT) is normally colonized by a diverse range of microorganisms that make up the normal flora. The replacement of normal flora with transient flora can lead to changes in...

Week 8 Discussion
Week 8 Discussion

The upper respiratory tract (URT) is normally colo

Week 2 Discussion_16...
Planning is the key to success. It helps us to stay organized and ahead of our schedule. I have decided to devote my late hours to studies. There are a couple of reasons for that. Most importantly, I...

Week 2 Discussion
Week 2 Discussion

Planning is the key to success. It helps us to sta

Ch 26 Negotiable Instrument Transfers #1

Ch 26 Negotiable Instrument Transfers

Q Negotiation is the way to "magically" transfer a negotiable instrument. Unless done correctly, the transfer would only qualify as an assignment of a contract right. 1) What is the difference between an order instrument and a bearer instrument? Which is safer and why? 2) Can you make order paper into bearer paper? How? 3) Can you make bearer paper into order paper? How?

View Related Questions

Solution Preview

View Complete Solution
1) A payee’s name is present in case of an order instrument (Clarkson, Miller & Cross, 2016). This payee must be an individual who would have the capability to endorse. There is the requirement of delivery of an order instrument. There is also the requirement of a signature to be endorsed by the payee so that the back of the order instrument would contain the signature. In case of a bearer instrument, there is the scope of negotiation by means of delivery. There is no mandatory requirement of the presence of endorsement in case of a bearer instrument because the instrument can be delivered by transferring it to the possession of a another person.