This class was created by Brainscape user Tyler Butt. Visit their profile to learn more about the creator.
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Tyler Butt
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Decks in this class (14)
Types of Negotiable Instruments
How may types of negotiable instr...,
Who makes a note,
Who makes a draft
12
cards
Formal requirements of negotiability
What are the 6 requirements for a...,
The negotiable instrument must be...,
The payment obligation must be fo...
9
cards
Acquiring Holder Status
The delivery of an instrument fro...,
Negotiation,
An order instrument can only be n...
9
cards
Holder in Due Course
What are the 4 requirements to be...,
Taking the instrument in good fai...,
What is value
5
cards
Transfer of an instrument
What is the shelter rule,
When a transferee pays value for ...,
A transferee who commits fraud or...
5
cards
Enforcement of an instrument
A plaintiff seeking enforcement m...,
Who is entitled to enforce,
Signatures are accepted as authen...
6
cards
Defenses
Real defenses are available again...,
What are the 8 real defenses,
What is fraud in the factum
8
cards
Unauthorized Signatures and Imposters
Instruments issued to imposters d...,
Instruments payable to fictitous ...,
When employee indorses incoming c...
4
cards
Alterations and Incomplete instruments
Alterations,
The obligor is discharged on the ...,
An incomplete instrument is
3
cards
Presentment warranties
Presentment is,
Presentment is excused when,
What are the 4 presentment warran...
4
cards
Parties to the instrument and their potential liablity
A maker has,
A drawer has,
A drawee s liability is not on th...
9
cards
Accommodation Parties
To be liable an accommodation par...,
The accommodation party s liabili...,
Legal rights of an accommodation ...
4
cards
When Agents sign negotiable instruments
The principal s liability,
For an unauthorized signature,
For an authorized signature
6
cards
Payment and discharge
Payment by mistake,
There is no statute in virginia a...,
3
cards
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Commercial Paper
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