Đang chuẩn bị liên kết để tải về tài liệu:
Lecture Business law: The ethical, global, and e-commerce environment (13/e): Chapter 31 - Mallor, Barnes, Bowers, Langvardt

After studying this chapter you will be able to understand: Explain advantages of commercial paper and the requirements to qualify as a negotiable instrument, identify different types of negotiable instruments and the key features, apply UCC rules for situations when the terms of an instrument are ambiguous or inherently conflicting. | Commercial Paper Negotiable Instruments Negotiation & Holder in Due Course Liability of Parties Checks and Electronic Transfers 7 McGraw-Hill/Irwin Business Law, 13/e © 2007 The McGraw-Hill Companies, Inc. All rights reserved. Negotiable Instruments P A E T R H C 31 “We at Chrysler borrow money the old-fashioned way. We pay it back.” Lee Iacocca, Chairman and CEO of Chrysler Corporation, quoted in the New York Times (1983) Photo: Chrysler Center, NYC The photo is the Chrysler Building (Chrysler Center) in New York City. Tishman Speyer Properties owns the Chrysler Center and, during a substantial renovation, also added a neighboring building to the complex; no Chrysler entity was a tenant as of January 2006. Oddly, given Iacocca’s comment, Walter Chrysler (who commissioned the building) never paid architect William Van Alen for his work on the Chrysler Building since he thought Van Alen was involved in suspicious financial arrangements with the building's contractors. Van Alen never . | Commercial Paper Negotiable Instruments Negotiation & Holder in Due Course Liability of Parties Checks and Electronic Transfers 7 McGraw-Hill/Irwin Business Law, 13/e © 2007 The McGraw-Hill Companies, Inc. All rights reserved. Negotiable Instruments P A E T R H C 31 “We at Chrysler borrow money the old-fashioned way. We pay it back.” Lee Iacocca, Chairman and CEO of Chrysler Corporation, quoted in the New York Times (1983) Photo: Chrysler Center, NYC The photo is the Chrysler Building (Chrysler Center) in New York City. Tishman Speyer Properties owns the Chrysler Center and, during a substantial renovation, also added a neighboring building to the complex; no Chrysler entity was a tenant as of January 2006. Oddly, given Iacocca’s comment, Walter Chrysler (who commissioned the building) never paid architect William Van Alen for his work on the Chrysler Building since he thought Van Alen was involved in suspicious financial arrangements with the building's contractors. Van Alen never received another commission for a large building. Vital Statistics: Location: New York, New York, USA Completion Date: 1930 -- part of the race for the sky that began in 1929. Cost: $20 million Height: 1,046 feet Stories: 77 Materials: Steel Facing Materials: Brick Engineer(s): Ralph Squire & Sons See http://www.pbs.org/wgbh/buildingbig/wonder/structure/chrysler.html, http://en.wikipedia.org/wiki/Chrysler_Building, or http://www.skyscraper.org/EXHIBITIONS/FAVORITES/fav_chrysler.htm for further information. Learning Objectives Nature of negotiable instruments Types of negotiable instruments Benefits of negotiable instruments Formal requirements for negotiability 31 - Commercial paper refers to checks, promissory notes, and certificates of deposit A contract for the payment of money UCC Article 3 (Negotiable Instruments) and Article 4 (Bank Deposits and Collections) Commercial paper may be negotiable: Transferred from party to party and accepted as a money substitute or as credit Two .