Negotiable Instrument

In (USLegal, Inc, 2001-2012) states that Business truth encompasses the practice of law governing contracts, sales, commercialized paper, agency and employment law, concern organizations, property, and bailments. Other popular areas stimulate insurance, wills and estate planning, and consumer and creditor protection. Business law may include issues such(prenominal) as starting, selling, or buying a small concern, managing a problem, dealing with employees, or dealing with contracts, among others. In any business transaction there is exchange of goods and services. Goods are bought and sold for credit. In all these transaction there is flow of capital from each one immediately or after a certain flow of time. In modern business there is bump of mintage transaction taking place. This is a risky one to specify to or receive cash. Certain documents are necessary for devising redeemments; these documents are called Negotiable Instrument. This report is about con veyable musical instrumental role 16/95 in Maldives. This report mainly highlights the aspiration and aim of this law and the content of the law and compared the Maldivian law with hardiness law.

The key content that will cover is documents which can be exchanged for currency, Introduction to Negotiable Instruments of Maldives (law no: 16/95) and UK law A negotiable instrument is a written document, sign(a) by the maker or drawer, and containing an unconditional promise to kick in (or secernate to pay) a certain sum of money on delivery, or at definite time, to the bearer (or to the order). Negotiable instrument of Maldives (law no: 16/95) explains all the! possible way of exchanging documents. there is a reason to believe that instrument to exchange were in give for a safety purpose. It is risky to carry cash in hand where ever you go, because it may end up in theft and it might lose.The main aim of the law of negotiable instruments in Maldives is to allow people to transact business without carrying somewhat large sums of money and to purchase items they will pay for later. With the...If you call for to get a full essay, order it on our website: OrderCustomPaper.com

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