Effects of commerce — features?
Negotiable, formal, autonomous titles
Mandatory mentions — number?
Eight mentions required
Nullity — cause?
Omission or inaccuracy of mentions
Effects commerce — definition?
Negotiable titles evidencing monetary claims.
Mandatory mentions — number?
Eight legal mentions required.
Nullity — causes?
Missing or inaccurate mentions.
Acceptance — role?
Recognizes obligation; makes it irrevocable.
Provision — definition?
Monetary claim held against the drawee.
Transmission of provision — how?
Automatically through transfer of title.
Effects of complaisance — meaning?
Fictitious titles created to deceive.
Answer 9 questions on Introduction to Payment and Credit Instruments Law.
1. What are the key features that define an 'effect of commerce' in payment and credit instruments law?
2. Which of the following is NOT one of the 8 mandatory mentions required on an effect of commerce?
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