Week 6: Week 6 - Lecture #1
The Core Learning Outcomes addressed this week are:
Demonstrate the ability to brief a case.
Explain what makes a negotiable instrument negotiable.
Explain how legal principles affect management decisions.
Other Key Concepts:
negotiable instrument, commercial paper, promissory notes, certificate of deposit,
, cashier's check, teller's check,
requirements for negotiability p 811-812,
ambiguous terms p 818
, review p 820
order paper, bearer paper, kinds of indorsements (special,
blank, restrictive, and qualified),
see chart on p 829, wrong or misspelled name p 823.
primary and secondary liability
, maker, acceptor, drawer, indorser, accomodation
party, transfer warranties, presentment warranties, negligence, imposter rule, ficticious payee
rule, conversion, discharge
Negotiable Instruments Lecture: Ask yourself these questions and
then review the answers.
What is the difference between order paper and bearer paper?