Simplified Bookkeeping
Simplified Bookkeeping
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) which contain the words "or order" or "or bearer" are said to be negotiable. For illustration of negotiable note, draft and check see illustrations Nos. 21, 28d, 42.
Commercial paper (notes, drafts, checks, etc. ) which do not contain the words "or order" or "or bearer" are said to be non-negotiable.
Note: — In most states non-negotiable paper may, by statute, be transferred by assign- ment.
Illustration No. 42.
CHECK NO. -/- THE Union National Bank YORK, PA.
^e^S^a^dr^\ C^^/^^^^ ^^ ^-t^y^ 50.... Endorsement: — The special writing across the back of negotiable paper which, to- gether with delivery, transfers it from one party to another.
Kinds of Endorsements and their definitions.
(a) Blank: — Where the holder transfers the paper by writing his name across the back. See illustration No. 43.
(b) Full: — Where the holder writes his name across the back of the paper together with the directions to pay a certain party. See illustration No. 44.
24 (c) Restrictive : — Where the holder writes his name across the back of the paper to- gether with the directions to pay a certain party and indicating for what purpose it shall be paid.
What to read after Simplified Bookkeeping?
You can find similar books in the "Read Also" column, or choose other free books by George Lawrence Hoffman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
) which contain the words "or order" or "or bearer" are said to be negotiable. For illustration of negotiable note, draft and check see illustrations Nos. 21, 28d, 42.
Commercial paper (notes, drafts, checks, etc. ) which do not contain the words "or order" or "or bearer" are said to be non-negotiable.
Note: — In most states non-negotiable paper may, by statute, be transferred by assign- ment.
Illustration No. 42.
CHECK NO. -/- THE Union National Bank YORK, PA.
^e^S^a^dr^\ C^^/^^^^ ^^ ^-t^y^ 50.... Endorsement: — The special writing across the back of negotiable paper which, to- gether with delivery, transfers it from one party to another.
Kinds of Endorsements and their definitions.
(a) Blank: — Where the holder transfers the paper by writing his name across the back. See illustration No. 43.
(b) Full: — Where the holder writes his name across the back of the paper together with the directions to pay a certain party. See illustration No. 44.
24 (c) Restrictive : — Where the holder writes his name across the back of the paper to- gether with the directions to pay a certain party and indicating for what purpose it shall be paid.
What to read after Simplified Bookkeeping?
You can find similar books in the "Read Also" column, or choose other free books by George Lawrence Hoffman to read onlineMoreLess
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