Negotiable Instruments Law What constitutes a holder in due course?
Why is an inadequate consideration be still sufficient?
Who is a holder for value
What is the extent of being a holder for value of one
who has a lien on the instrument?
Differentiate absence of consideration from failure of
consideration
Who is an accommodation party? Is it a defense?
Is a person an accommodation party if he receives
some value?
Difference of an accommodation party and a regular
party
What is a transfer?
What are the modes of transfer?
What is negotiation?
What are the defenses available to a holder compare
to an assignee?
What are the effects of indorsement?
How does indorsement strengthen the security of the
transfer of the document?
Is indorsement necessary?
Can indorsement be done in part?
What are the different kinds of indorsement?
What is the effect if the instrument is drawn or
indorsed to a person as cashier or other fiscal officer of
bank or corporation?
What is the remedy if the name of a payee or indorsee
is wrongly designated or misspelled?
Why is time important in the indorsement?
What is the presumption for the place of indorsement?
How does a N.I. losses its negotiability?
Can a holder strike out an indorsement?
What is the effect of a transfer without indorsement?
What is the rule on the negotiation of a prior party?
What are the rights of the holder?
When is an instrument be deemed complete?
When is an instrument be deemed regular?
When is an instrument deemed overdue?
What is the effect if the instrument is partly overdue
and partly not?
When can a person deemed a holder in good faith?
When can a person deemed a holder for value?
Can a drawee be a holder in due course?
What is infirmity in the instrument?
What is defect in the instrument?
What are the real and personal defenses?
What are the types of parties?
What is privity?
Does a holder need to prove that he is a holder in due
course?
Who are the parties primarily liable?
Can an accommodation party be primarily liable?
How about the drawee?
How about a certifier of a check?
Can someone else accept a bill aside from the drawee?
Who are the ones secondarily liable?
When can an indorser become liable?
Who is an irregular indorser?
What is the rules governing irregular indorser?
What are his liabilities?
What are the warranties when the negotiation is by
delivery and the indorsement is qualified?
When can an indorser be not held secondarily liable?
What are the liabilities of a general indorser?
Differentiate a general indorser from an irregular
indorser
Drawer vs. Indorser
What is the effect if an instrument negotiable by To whom is notice of dishonour given?
delivery is indorsed?
What is the rule regarding the agent giving notice of
What is the order of liability of indorsers? dishonour?

What is the liability of joint indorsers?
What is presentment?
Is presentment necessary to charge the persons
primarily liable?
What is the rule regarding the agent receiving notice
of dishonour?
What is the effect of giving notice of dishonour?
What is the “benefit” does it give?

To whom is presentment necessary? What is the responsibility of the agent after receiving
the notice of dishonour?
When shall presentment be made?
How should notice be given if it is in writing?
By whom shall presentment be done?
To whom should it be given?
To whom shall presentment be done?
What is the rule if the party to whom it should be given
Where shall presentment be done?
is dead?
How shall presentment of the instrument payable at
What is the rule on notice to partners?
bank be done?
What is the rule on notice to joint indorsers?
How shall presentment be done to a principal debtor
who is dead? What is the rule if the party to whom it should be given
is bankrupt?
What is the liability of persons who are partners?
What is the rule on delay of giving notice of dishonour
What is the liability of persons who are not partners?
to the party?
Is presentment always required to charge the drawer?
When shall the notice of dishonour be given?
Is presentment always required to charge the indorser?
When is it deemed that the holder has sent the notice
When may delay be excused? by mail?

When is presentment excused?
When is presentment dishonored by non-payment?
How can you determine the date of maturity of the
instrument?
Until when can an indorser send a notice of dishonour
to prior parties?
What is a waiver of notice of dishonour?
When can a waiver of notice be given?

How do you compute the time of maturity date? Who can be affected in case of waiver of notice?

What constitutes payment in due course?

When is notice of dishonor?

Who has the burden to prove notice of dishonor?

Is notice of dishonor necessary to make the maker or

acceptor liable?

Who should give notice of dishonour?

What is the effect if there is no notice of dishonor?

Can a stranger give a notice of dishonor?