A negotiable bill of lading is a legal document that allows the transfer of goods to be approved by a third party, facilitating the movement of goods around the world. Non-negotiable bills of lading are less flexible and have more restrictive clauses. The Hague Rules and Hague-Vis Rules govern the carriage of goods by negotiable […]
A negotiable bill of lading is a legal document that allows the transfer of goods to be approved by a third party. It is a contract of carriage between a carrier agency, shipper, and consignee. Non-negotiable bills of lading are less flexible and have more restrictive clauses. The main advantage of a negotiable bill of […]
The Negotiable Instrument Act, passed in India in 1881, defines check, promissory note, and bill of exchange. It regulates monetary transactions and defines responsibilities of parties. Amendments in 1988 and 2002 added penalties for bad checks and electronic checks, respectively. The act also covers liability, acceptance, maturity, and loss of negotiable instruments. Counterfeiting and its […]
Negotiable instruments are documents that promise to pay a fixed sum of money to the bearer, enabling trade without the need for in-person transactions. Examples include checks and promissory notes, and legal consequences apply if the instrument is not honored. A negotiable instrument is a document that includes a promise to pay a fixed sum […]
Negotiable certificates of deposit (NCDs) are fixed depository receipts that can be sold in a secondary market. They have a minimum face value of $100,000 and are sold by banks, with interest payments applied every six months until maturity. Large institutions are the most common buyers, and owners may sell them on the secondary market […]
A marketable title is a property title without defects that could be discovered by a prudent buyer. A title search is performed to determine if a title is marketable. Both buyers and sellers want a marketable title to ensure a smooth transfer of ownership. Even if a title is marketable, there may still be claims […]
