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Negotiable Instruments

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Second Year Law Mind Map on Negotiable Instruments, created by katy_mcbride12 on 29/04/2013.
katy_mcbride12
Mind Map by katy_mcbride12, updated more than 1 year ago
katy_mcbride12
Created by katy_mcbride12 almost 12 years ago
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Negotiable Instruments
  1. Payee presents bill for payment to the drawee. Payee can sell it on to another payee.
    1. Drawee accepts liability by signing it making them the acceptor.
      1. Addressed from the drawer to the drawee
    2. Bill must be an order to pay not a wish.
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