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Monday 7 October 2013

Requirements for Negotiability

Requirements for Negotiability 
Writing signed by the maker or the drawer.
Unconditional promise or order to pay a fixed amount of money.
Payable on demand or at a definite time.
§ Acceleration and Extension clauses.
Be payable to order or to bearer, unless it is a check.

Case 24.3: Barclay’s Bank v. Johnson (1998).

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