Negotiable Instrument 1: Negotiability - Right of Transferee To Hold The Instrument and Collect The Sum Due
Negotiable Instrument 1: Negotiability - Right of Transferee To Hold The Instrument and Collect The Sum Due
NEGOTIABLE INSTRUMENT
F. Parties to a promissory note and a bill of exchange (Secs. 184 and 185)
Elements/Requisites of negotiability:
coupled with:
% (a) An indication of a particular fund out of which reimbursement is to be
made or a particular account to be debited with the amount; or
%
% (b) A statement of the transaction which gives rise to the instrument.