State the purpose of a negotiable instrument.
Explain those negotiable instruments that contain a promise to pay money.
Explain those negotiable instruments that contain an order to pay money.
Differentiate among the different types of checks and money orders.
Identify the requirements of a negotiable instrument.
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Business Law with UCC Applications,13eThe Nature of Negotiable InstrumentsChapter 16McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.Learning ObjectivesState the purpose of a negotiable instrument.Explain those negotiable instruments that contain a promise to pay money.Explain those negotiable instruments that contain an order to pay money.Differentiate among the different types of checks and money orders.Identify the requirements of a negotiable instrument.Learning Objectives (cont.)Explain an assignment and a negotiation of an instrument.Name and describe four kinds of indorsements.Identify the implied warranties related to indorsements.Explain the contract that is made when people indorse negotiable instruments.Describe the legal effect of a forged indorsement.The Nature of Negotiable InstrumentsThe Essentials of Negotiable InstrumentsPromise and Order Instruments Parties to Negotiable Instruments Requirements of Negotiable InstrumentsThe Nature of Negotiable InstrumentsPromise and Order InstrumentsPromise Instruments: NotesPromise Instruments: Certificates of DepositOrder Instruments: DraftsOrder Instruments: ChecksThe Nature of Negotiable InstrumentsParties to Negotiable InstrumentsRequirements of Negotiable InstrumentsThe Nature of Negotiable InstrumentsRequirements of Negotiable InstrumentsWritten InstrumentSignature of Maker or DrawerUnconditional Promise or Order to PayFixed Amount of MoneyPayable on Demand or at a Definite TimePayable to Order or to BearerDates and Controlling WordsThe Nature of Negotiable InstrumentsTransferring Negotiable InstrumentsThe Concept of Negotiability Transferring Instruments Negotiation by Indorsement Obligations of Indorsers Multiple Payees, Missing and Forged IndorsementsThe Nature of Negotiable InstrumentsNegotiation by IndorsementBlank IndorsementsSpecial IndorsementsRestrictive IndorsementsQualified IndorsementsThe Nature of Negotiable InstrumentsObligations of IndorsersWarranties of IndorsersContract of IndorsersThe Nature of Negotiable InstrumentsUnauthorized or Forged IndorsementsExceptions
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