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Up To Date Business

Chapter 10 PROMISSORY NOTES

Word Count: 726    |    Released on: 06/12/2017

rm of promi

om or to whose order the note is made payable. Negotiable in a commercial sense means transferable, and a negotiable note is a note which can be transferred from one person to another. A note to be made negotiable must contain the word bearer or the word order-that is, it must be payable ei

llustrate to students the fact that there are a great many special forms

th of March, 1897." The common custom is to make notes payable a certain number of days or months after date. A note made or issued on Sunday is void. The day of maturity is the day u

e filled out on

es, are not necessary legally. Thousands of good notes

must be unconditional. It cannot be made

deservedly hard reputation. However, there are all grades and shades of accommodation paper, though it represents no actual business transaction between the parties to it, and rests upon no other foundation than that of mutual agreement. No contract is good without a consideration, but this is only true between the o

rm for a pro

s the words with interest appear on the face. Notes draw

t a bank, or at any other place, must be presented for payment at the place named. When no

hen a note is drawn days after date the actual days must be counte

ter of the loan, or the state of the money market. For ordinary commercial paper the rates run from four to eight per cent.

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1 Chapter 1 GENERAL BUSINESS INFORMATION2 Chapter 2 BUSINESS GEOGRAPHY3 Chapter 3 FINANCE, TRADE, AND TRANSPORTATION4 Chapter 4 COMMERCIAL TERMS AND USAGES5 Chapter 5 COMMERCIAL TERMS AND USAGES (Continued)6 Chapter 6 BANK CHEQUES7 Chapter 7 BANK CHEQUES (Continued)8 Chapter 8 BANK CHEQUES (Continued) No.89 Chapter 9 BANK DRAFTS10 Chapter 10 PROMISSORY NOTES11 Chapter 11 THE CLEARING-HOUSE SYSTEM12 Chapter 12 COMMERCIAL DRAFTS13 Chapter 13 FOREIGN EXCHANGE14 Chapter 14 LETTERS OF CREDIT15 Chapter 15 JOINT-STOCK COMPANIES16 Chapter 16 PROTESTED PAPER17 Chapter 17 PAPER OFFERED FOR DISCOUNT18 Chapter 18 CORPORATIONS19 Chapter 19 BONDS20 Chapter 20 TRANSPORTATION21 Chapter 21 THE TRADE FEATURES OF THE BRITISH ISLES22 Chapter 22 THE TRADE FEATURES OF FRANCE23 Chapter 23 THE TRADE FEATURES OF GERMANY24 Chapter 24 TRADE FEATURES OF SPAIN AND ITALY25 Chapter 25 THE TRADE FEATURES OF RUSSIA26 Chapter 26 THE TRADE FEATURES OF INDIA27 Chapter 27 THE TRADE FEATURES OF CHINA28 Chapter 28 THE TRADE FEATURES OF JAPAN29 Chapter 29 THE TRADE FEATURES OF AFRICA30 Chapter 30 THE TRADE FEATURES OF AUSTRALIA31 Chapter 31 THE TRADE FEATURES OF SOUTH AMERICA32 Chapter 32 THE TRADE FEATURES OF CANADA33 Chapter 33 NATIONAL AND STATE BANKS34 Chapter 34 SAVINGS BANKS AND TRUST COMPANIES35 Chapter 35 CORPORATIONS AND STOCK COMPANIES[9]36 Chapter 36 BORROWING AND LOANING MONEY[10]37 Chapter 37 COLLATERALS AND SECURITIES38 Chapter 38 CHEQUES, DRAFTS, AND BILLS OF EXCHANGE[11]39 Chapter 39 THE CLEARING-HOUSE SYSTEM[12]40 Chapter 40 COMMERCIAL CREDITS AND MERCANTILE AGENCIES41 Chapter 41 BONDS No.4142 Chapter 42 TRANSPORTATION BY RAIL43 Chapter 43 FREIGHT TRANSPORTATION BY RAIL44 Chapter 44 RAILROAD RATES45 Chapter 45 STOCK AND PRODUCE EXCHANGES46 Chapter 46 THE DIFFERENT KINDS OF CONTRACTS47 Chapter 47 THE PARTIES TO A CONTRACT48 Chapter 48 THE PARTIES TO A CONTRACT (Continued)49 Chapter 49 THE CONSIDERATION IN CONTRACTS50 Chapter 50 THE ESSENTIALS OF A CONTRACT51 Chapter 51 CONTRACTS BY CORRESPONDENCE52 Chapter 52 WHAT CONTRACTS MUST BE IN WRITING53 Chapter 53 CONTRACTS FOR THE SALE OF MERCHANDISE54 Chapter 54 THE WARRANTIES OF MERCHANDISE55 Chapter 55 COMMON CARRIERS56 Chapter 56 THE CARRYING OF PASSENGERS57 Chapter 57 ON THE KEEPING OF THINGS58 Chapter 58 CONCERNING AGENTS59 Chapter 59 THE LAW RELATING TO BANK CHEQUES60 Chapter 60 THE LAW RELATING TO LEASES61 Chapter 61 LIABILITY OF EMPLOYER TO EMPLOYéS62 Chapter 62 PREPARING COPY63 Chapter 63 ON THE NAMES AND SIZES OF TYPE64 Chapter 64 THE TERMS USED IN PRINTING65 Chapter 65 MARKS USED IN PROOF-READING