Professional Documents
Culture Documents
Consideration
Date
Time of acceptance
Order of endorsement
Stamp
Holder in due course
Fact of dishonour
The above facts are presumed unless and until
contrary is proved. In other words these
presumptions are rebuttable by evidence
Negotiable by Statute:
Promissiory Note:
Cheque
Bill of Exchange
Maker
Payee
It must be in writing
It must contain an express promise to pay
The promise to pay may be unconditional
The promise is to pay in terms of money only
The promise to pay a definite amount of money
only
It must contain certain parties
It must be signed by the maker
Intention to make a promissory note and its
delivery
Other formalities
It must be in writing
It must contain an express order to pay
The order to pay may be unconditional
The order is to pay in terms of money only
It contains an order to pay a definite amount
of money only.
It must contain certain parties
It must be signed by the drawer
Intention to make a bill of exchange and its
delivery
Other formalities
Number of parties
Order and Promise
Nature of
Relationship
Acceptance
Nature of Liability
Immediate Action
Notice to prior
parties
Sets
Protest
Conditional Acceptance
Acceptor for Honour
Payable to the maker
himself
Drawee
Payable on
Demand
Payable to the
bearer on Demand
Acceptance
Days of Grace
Supposition
Crossing
Discounting
Failure to present
Primary Liability
Statutory
Protection
Noting and
Presenting
Sets
Stamping
Countermanding
Circulation
Drawer
Drawee
Acceptor
Payee
Endorser
Holder
Holder in Due course
Endorsee in the case
of Need
Acceptor for Honour