Secondly, along with industry representations, RBI could support the removal of lacunae in Section 138 of the Negotiable Instruments Act where a stop payment directive absolves a defaulter from legal proceedings.
42.
A cheque is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specified transactional account held in the drawer's name with that institution.
43.
There would be, shall we say, more negotiable instruments coming his way if Roger could get Bill to spring Rosario Gambino, a heroin trafficker in the federal slammer for the big forty-five.
44.
Acceptance also required that the holders of debt be able legally to enforce an unconditional right to payment; it required that the notes ( as well as drafts ) be negotiable instruments.
45.
He is a longtime faculty member of the Faculty of Civil Law, University of Santo Tomas, where he teaches Corporation Law, Negotiable Instruments Law, Credit Transactions, Special Commercial Law and Commercial Law Review.
46.
The company organically entered the leasing and credit card sectors, and its introduction of US dollar denominated certificates of deposit in London marked the first new negotiable instrument in the market since 1888.
47.
In support of this argument, the Court cited several of its own precedents concerning negotiable instrument law, as well as cases from the House of Lords and the courts of New York and Massachusetts.
48.
Justice Douglas identified a major federal interest in permitting the Court to fashion its own rule : uniformity in dealing with the vast amount of negotiable instruments and commercial paper issued by the federal government.
49.
Technically, what Check 21 does is create a new negotiable instrument called a substitute check, which permits a bank to take an image of a check that is presented for deposit and process it electronically.
50.
The company organically entered the leasing and credit card sectors, and its introduction of U . S . dollar denominated certificates of deposit in London marked the first new negotiable instrument in market since 1888.
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