LAW 603 Chapter Notes - Chapter 14: Promissory Note, Slovak People'S Party, Cheque
Document Summary
Law 603 chapter 14 handout: cheques: demonstrate you understand the relationship that exists between the parties: Under posted cheque explain hanks instructions to the bank: staledated cheque: what should the bank do if anna presents the cheque on 7 june. 2013: countermanded cheque: with a stop payme(cid:374)t order, is ha(cid:374)k re(cid:373)ovi(cid:374)g the ba(cid:374)k"s authority to deal with his account, bills of exchange: olaf presented the bill of exchange to red river trust on march 15, Because the instrument turned into a bearer note, carmen was able to negotiate it with vlad by giving it to him. Vlad changed the instrument back into an order note by delivering it to. Enya with the following endorsement: vlad hlinka pay to enya mccall: enya asked john to make the payment under the note. The primary liability under the promissory note lies with the maker john. Now assume that enya collected payment from rita rather than vlad.