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What is Understanding Negotiable Instruments about?
This document discusses negotiable instruments under Philippine law. It defines negotiable instruments as written contracts for the payment of money intended to pass from hand to hand. Key points: - Negotiable instruments must contain an unconditional promise or order to pay a sum certain in money, on demand or at a fixed time, and be payable to order or bearer. - Common types of negotiable instruments include promissory notes, bills of exchange, checks, certificates of deposit, and trade acceptances.
- Author
- Richard Duran
- Language
- EN