One Thousand Questions And Answers in Business Law; a Plain, Practical And Concise Presentation of Business Law in the Form of Questions And Answers, Specially Adapted to the Requirements of Students in Public And Private Commercial Schools

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One Thousand Questions And Answers in Business Law; a Plain, Practical And Concise Presentation of Business Law in the Form of Questions And Answers, Specially Adapted to the Requirements of Students in Public And Private Commercial Schools
Albany Business College
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u.?" It is simply an acknowledgment of a debt and is non- negotiable.
262. Are coupon bonds negotiable?
When coupon bonJs have interest certificates attached, these certificates are usually payable to bearer, and, when they mature, they may be clipped from the bonds and negotiated.
263. How is a certificate of stock regarded?
It is considered quasi-negotiable. The one who buys the stock is subject to any lien the company may have on the stock, even though he knew nothing of 4he lien.
264. How a
...rc express money orders or post office money orders regarded?
They are usually negotiable, but post office money orders, can be transferred but once.
Digitized by CjOOQ IC THE LAW OF ACCOVffTS ''Good faith does not allow us to demand twice the payment for the same thing." 1. What is an account?
An account is a collection of one or more debits and credits under the sj^me name.
2. What is the need of books of accoimt?
Books of account usually have records of transactions in the regular order of their occurrence under their proper dates.


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