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Contracts in Engineering, the Interpretation and Writing of Engineering-Commercial Agreements; An Elementary Text-Book for Students in Engineering, Engineers, Contractors and Business Men

Contracts in Engineering, the Interpretation and Writing of Engineering-Commercial Agreements; An Elementary Text-Book for Students in Engineering, Engineers, Contractors and Business Men


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About the Book

This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1910. Not illustrated. Excerpt: ... Chapter VIII NEGOTIABLE PAPER Competent observers say that at least four-fifths of the interchange of money values is accomplished by means other than manual transmission of the coin. Business is to-day largely carried on through instruments of credit. Are further arguments needed to show that understanding this branch of contracts will be valuable to the engineer or business man? In this chapter the necessity for rigid rules regulating negotiability will be shown. We shall learn who can make negotiable instruments, what the responsibilities are of one who signs a note, either as principal or agent, and how that signing should be done. What part does a bona fide delivery of the instrument play with reference to its validity? What is the effect of fraud? What is the status of the parties to accommodation paper? And what are the peculiar liabilities of the various kinds of indorsers? The characteristics of the ubiquitous bank-check, and of other commercial paper, such as certified checks, bonds, judgment notes, bills of lading, etc., will be briefly alluded to. 354. The law of Negotiable Instruments is a branch of contracts which involves stating many technical rules that everywhere govern business transactions. We have already hinted at certain of its important elements in referring to credit transactions under the subject of Sales. The present treatment deals with the medium of payment when it is not a cash sale, and outlines a few of the most important rights and interrelations among the parties according to the rules of the " law merchant." The " law mercliant " (i.e. mercantile law) is that body of commercial usages and rules recognized by civilized nations as regulating the rights of persons engaged in trade. Whenever a usage has become general enough to be ...


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Product Details
  • ISBN-13: 9781151293596
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 126
  • Spine Width: 7 mm
  • Width: 189 mm
  • ISBN-10: 1151293598
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 240 gr


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Contracts in Engineering, the Interpretation and Writing of Engineering-Commercial Agreements; An Elementary Text-Book for Students in Engineering, Engineers, Contractors and Business Men
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