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    Reaction Paper Negotiation

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    Danielle Elesterio
    Negotiation is the transfer of a negotiable instrument from one person to another that makes the transferee the holder of the instrument. Negotiation differs depending on whether the instrument is payable to bearer or order. If to bearer, delivery alone constitutes negotiation, while if to order, endorsement is required in addition to delivery. Understanding negotiation is essential because it is the root concept of negotiable instruments and helps explain other key topics like characteristics, secondary contracts, and sections like section 30 on negotiation. Negotiation covered a wide range of knowledge and corrected misconceptions, helping the student better understand the major parts and lessons of negotiable instruments.

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    Reaction Paper Negotiation

    Uploaded by

    Danielle Elesterio
    833 views1 page
    Negotiation is the transfer of a negotiable instrument from one person to another that makes the transferee the holder of the instrument. Negotiation differs depending on whether the instrument is payable to bearer or order. If to bearer, delivery alone constitutes negotiation, while if to order, endorsement is required in addition to delivery. Understanding negotiation is essential because it is the root concept of negotiable instruments and helps explain other key topics like characteristics, secondary contracts, and sections like section 30 on negotiation. Negotiation covered a wide range of knowledge and corrected misconceptions, helping the student better understand the major parts and lessons of negotiable instruments.

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    Negotiation is the transfer of a negotiable instrument from one person to another that makes the transferee the holder of the instrument. Negotiation differs depending on whether the instrument is payable to bearer or order. If to bearer, delivery alone constitutes negotiation, while if to order, endorsement is required in addition to delivery. Understanding negotiation is essential because it is the root concept of negotiable instruments and helps explain other key topics like characteristics, secondary contracts, and sections like section 30 on negotiation. Negotiation covered a wide range of knowledge and corrected misconceptions, helping the student better understand the major parts and lessons of negotiable instruments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    833 views1 page

    Reaction Paper Negotiation

    Uploaded by

    Danielle Elesterio
    Negotiation is the transfer of a negotiable instrument from one person to another that makes the transferee the holder of the instrument. Negotiation differs depending on whether the instrument is payable to bearer or order. If to bearer, delivery alone constitutes negotiation, while if to order, endorsement is required in addition to delivery. Understanding negotiation is essential because it is the root concept of negotiable instruments and helps explain other key topics like characteristics, secondary contracts, and sections like section 30 on negotiation. Negotiation covered a wide range of knowledge and corrected misconceptions, helping the student better understand the major parts and lessons of negotiable instruments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Negotiation

    As defined in section 30, negotiation is the transfer of a negotiable instrument from one person to
    another made in such a manner as to constitute the transferee the holder thereof, this phrase is very
    material to me as I study law 113, the negotiable instruments. It is obvious from the title of the subject
    itself; negotiable instrument, that it deals with negotiation but as the phase of our discussion runs
    normally I learned the reasons why negotiation is the main idea of negotiable instrument, and I think
    that negotiation is one of the most important topics in law 133.

    The topic about negotiation is so fascinating to me because it is only through negotiation which
    constitutes the transferee to be the holder of the instrument. I learned that negotiation differs if the
    instrument is payable to bearer or order. If the instrument is payable to bearer the mere delivery of the
    instrument constitute the transferee to be the holder of the instrument, while if the instrument is
    payable to order the instrument is transferred not just by mere delivery but also with indorsement. The
    presence of indorsement for the completion of negotiation had open up my mind and learned an
    additional knowledge, because as I first read or encounter the word indorsement all I thought that it has
    the same meaning with the word endorsement, that we usually saw on the televisions, etc, but those
    thoughts are proven to be wrong when the law says indorsements it only means that to transfer the title
    or holder of the instrument one must write the name of the payee.

    Another topic which is connected to negotiation is the characteristics of a negotiable instrument which
    are the negotiability and the accumulation of secondary contracts. I believe that because of the concept
    of negotiability the characteristics of the negotiable instrument take place.

    There are so many sections or topics that are connected to negotiability which made it appear so
    interesting for me. Personally, I think that if we understand very well section 30 which is about
    negotiation we are not just learning about one section under the law of negotiable instrument but we
    are also learning the major part of the negotiable instruments.

    Obviously, I can surely say that the idea of negotiation is very essential for the existence of negotiable
    instrument. My conclusion about learning negotiable instrument is that, in order for us to understand it
    deeper we must of course understand its root which is the concept of negotiation.

    This time, I can say that of all the topics and section that was discussed in our class, the topic that I can
    hardly forget, which I gave up my interest in is the negotiation, because this topic contain a wide range
    of knowledge that a student must learned in order to understand the main idea of the negotiable
    instrument, it corrected my misconceptions about other topics, and of course because of negotiation it
    helped me to understand the major part of the negotiable instrument and it taught me a lot of things
    that a student must learned about this subject.

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