what are other names for law course commercial paper

What are the 4 types of commercial paper?

LAW 6321. 3 credit hour (s) Elective. Covers Uniform Commercial Code Articles One, Three, Four, Five, and Seven; commercial paper transactions involving negotiability; rights and liabilities of parties; transfer; holders in due course; defenses; the collection process; and letters of credit. This is an elective course.

What is commercial paper?

Commercial Paper Credit Hours: 3 This course covers the workings of the finance and payments systems, and the legal doctrines on which they are based, focusing on UCC Articles 3 (Negotiation, Defenses, Holder in Due Course, and the status of parties to an instrument) and 4 (the bank collection system) and Regulation CC.

What is Article 3 of the commercial paper Act?

Start studying Business Law (Commercial Paper). Learn vocabulary, terms, and more with flashcards, games, and other study tools.

Who should the commercial paper be given to?

Mar 05, 2020 · Under the Uniform Commercial Code (“UCC”), these pieces of paper are called negotiable instruments. A negotiable instrument is a special instrument endowed with legal characteristics that allows it to move through commercial channels more freely than a …

What is commercial paper also known as?

Commercial paper, also called CP, is a short-term debt instrument issued by companies to raise funds generally for a time period up to one year. It is an unsecured money market instrument issued in the form of a promissory note and was introduced in India for the first time in 1990.Dec 26, 2019

What is UCC commercial paper?

The UCC identifies four basic kinds of commercial paper: promissory notes, drafts, checks, and certificates of deposit. The most fundamental type of commercial paper is a promissory note, a written pledge to pay money. A promissory note is a two-party paper.

What are the types of commercial paper?

What are the types of commercial paper?Promissory notes- is a written pledge to pay money. ... Drafts – is a three-party paper confirming the payment. ... Cheques – are drawn on a bank. ... Certificates of deposit – is an acceptance by the bank of the acquisition of a specific sum of money from a depositor for a specific time.

What is difference between CP and CD?

Commercial paper is a short-term financial instrument used by businesses to raise capital over a one-year period. A Certificate of Deposit (CD) is a dematerialized fixed-income financial product issued by Banks and Financial Institutions.Jun 2, 2021

Is check a commercial paper?

Commercial paper is the collective term for various financial instruments, or tools, that include checks drawn on commercial banks, drafts (drawn on something other than a bank), certificates of deposit, and notes evidencing a promise to pay.

What are the four kinds of commercial paper according to the Uniform Commercial Code?

There are four types of commercial paper: drafts, checks, notes, and certificates of deposit.

What are the three types of commercial paper?

There are four types of commercial paper: drafts, checks, notes, and certificates of deposit.

Who can buy commercial paper?

Who can invest in commercial paper? Individuals, banking companies, other corporate bodies (registered or incorporated in India) and unincorporated bodies, non-resident Indians (NRIs) and foreign institutional investors (FIIs), etc can invest in CPs.Oct 10, 2019

Who are eligible to issue commercial paper?

12. CP may be issued to and held by individuals, banking companies, other corporate bodies registered or incorporated in India and unincorporated bodies, Non-Resident Indians (NRIs) and Foreign Institutional Investors (FIIs).

What is Vikas cash certificate?

Vikas Cash Certificate is a Money Multiplier scheme and it is a convenient and attractive reinvestment plan where interest earns interest every quarter to provide a tidy sum on maturity.Aug 6, 2015

What is the difference between commercial paper and commercial bill?

Commercial bill is an instrument that helps companies to get advance payment for the invoices they raise after making sales to their customers. Commercial paper is used by banks to meet their short-term obligations, while commercial bills help companies to get money in advance, for sales they make.Sep 21, 2011

What are commercial deposits?

A commercial account is usually a checking or other type of demand deposit account, meaning the money can be withdrawn at any time. Regulation Q of the U.S. Federal Reserve prohibits banks from paying interest on this type of account. Banks instead pay earnings credits, which they base upon the average account balance.

What are the different types of commercial paper?

The UCC identifies four basic kinds of commercial paper: promissory notes, drafts, checks, and certificates of deposit. The most fundamental type of commercial paper is a promissory note, a written pledge to pay money. A promissory note is a two-party paper. The maker is the individual who promises to pay while the payee or holder is the person to whom payment is promised. The payee can be either a specifically named individual or merely the bearer of the instrument who has it in his or her physical possession when he or she seeks to be paid according to its terms. A note payable to "bearer" can be paid to the person who presents it for remuneration. Such an instrument is said to be bearer paper.

Why is commercial paper used?

Commercial paper is ordinarily used in business transactions, since it is a reliable and expedient means of dealing with large sums of money and minimizes the risks inherent in using cash , such as the increased possibility of theft.

What is bearer paper?

Bearer paper is made payable either to the holder, a specific individual, the bearer, or to cash. It is common for such an instrument to read "pay to the order of bearer.". This occurs in the case where a printed form is used and the term bearer is written in following "pay to the order of.".

What is left between the words "pay to the order of" and "or bearer"?

An empty space is left between the words "pay to the order of" and "or bearer.". When the name of the payee is inserted by the drawer, the paper is regarded as an order instrument in spite of the fact that the phrase "or bearer" is not deleted.

What is an endorsement in a paper?

Endorsements. An endorsement is the process of signing the back of a paper, thereby imparting the rights that the signer had in the paper to another person. The number of times an instrument may be endorsed is unlimited. There is no requirement that the word "order" be embodied in the endorsement.

What does collateral statement mean?

Ordinarily, such a collateral statement is made for purposes of accounting and does not create a conditional promise or order to pay.

How to be discharged from liability on a commercial paper?

The most common way to be discharged from liability on a commercial paper is through payment. The intentional Cancellation of an Instrument by the holder by either marking the instrument paid or by destroying it discharges all liability.

What is a business law seminar?

This practice orient ed business law seminar is designed for students interested in corporate, securities and tax law. The course will take students through the practical corporate, securities and tax law issues and procedures involved in the negotiation, structuring and completion of corporate, securities and tax transactions.

What is the purpose of the Health Law course?

Topics to be considered include licencing and regulation of health care professionals, malpractice and negligence, consent to treatment, confidentiality and disclosure of health information, and mental disability.

What is the study of theories, policies, rules and organizations governing international trade and economic relations?

Study of theories, policies, rules and organizations governing international trade and economic relations by examining contemporary issues relating to investment and trade in goods, services and capital.

What is the study of legal regulation of intimate relationships?

Study of legal regulation of intimate relationships, including status of various family forms, requirements for marriage and divorce, obligations and rights of parents, and property rights of intimate partners.

What is corporate finance?

The course provides an introduction to the basics of corporate finance, including the use and analysis of financial statements, the valuation of debt, equity and derivation instruments, capital budgeting and the valuation and assessment of investment opportunities. The course will also examine the role of securities regulation and the basics of mergers and acquisitions with a particular emphasis on the duties and obligations of directors when responding to an unsolicited takeover bid.

What are the principles of insurance law and contracts?

Introduction to principles of insurance law and contracts, including indemnity and subrogation; contribution; insurable interests; conditions and warranties; misrepresentation and non-disclosure; concealment; description of risk; special problems in the formation of the insurance contract; the premium; interim coverages; renewal; assignments; procedure after loss.

What are the basic concepts and problems of the law of evidence in the adversarial system?

Introduction to basic concepts and problems of the law of evidence in the adversarial system, including materiality, admissibility, relevance, exclusionary rules, presumptions, burden of proof, judicial notice, and expert witnesses.