Instrument(票据)双语课件.pptVIP

CHAPTER 2 Instruments Contents and Focuses Contents: 2.1 General Introduction 2.2 Bill of Exchange 2.3 Promissory Note 2.4 Cheque Focuses: Characteristics of Negotiable Instruments Essentials items of a Bill of Exchange Acts of a Bill of Exchange Distinction between the Three 2.1 General Introduction 2.1.1 What is a negotiable instrument? A negotiable instrument, known as commercial paper, is an instrument the rights on which can be transferred easily from one person to another. 2.1 General Introduction 2.1.2 Characteristics of negotiable instruments 2.1 General Introduction 2.1.3 Functions of negotiable instruments 2.1 General Introduction 2.1.4 Parties to a negotiable instrument 2.2 Bill of Exchange (Draft) 2.2.1 what is a bill of exchange? A bill of exchange is an unconditional order in writing, addressed by one person( the drawer) to another (drawee) , signed by the person giving it, requiring the person to whom it is addressed (the drawee, who when he signs becomes the Acceptor )to pay on demand, or at a fixed or determinable future time, a sum certain in money, to or to the order of a specified person, Or to bearer( the payee). (Bills of Exchange Act, 1882 of the United Kingdom) 2.2 Bill of exchange (draft) 2.2.1 what is a bill of exchange? We can briefly define a bill of exchange as a three party negotiable instrument: 2.2 Bill of exchange (Draft) 2.2.2 Essential Items of a Bill of Exchange The Uniform Law for Bills of Exchange and Promissory Notes of Geneva of 1930 2.2 Bill of exchange (Draft) 2.2.2 Essentials of a Bill of Exchange Exercise: Please issue a draft with the following information and calculate the due date： Drawer: Shanghai Textile Export and Import Co. Ltd , Xinhua building , No.12, Nanjing road (east) , Shanghai, China Drawee: Hope Export and Import Co.Ltd, New York, N.Y. 10020 Payee: Bank of China , Shanghai Sum: $ 120,000.00 Tenor:at 60 days after sight Date: Aug. 31, 2008 2.2 Bill of exchange (Draft) 2.2.3 Acts relating to