Negotiation 3.00  Modes of transfer of commercial papers  Negotiation  Indorsement 4

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Course Name: XNEGOIN

Course Title: Law On Negotiable Instruments Instructors: Panaligan and Salonga

Required Text: Law on Negotiable Instruments, Latest edition, De Leon.

Course Description:This course deals with the provisions of the law on negotiable

instruments. It focuses on topics on negotiability of the instruments;

functions and kinds of negotiable instrument; construction of ambiguous instrument; forgery and its effect; consideration; accommodation party;

manner and consequence of transfer of instruments; striking out

endorsements; requisites of holder in due course; defense of the parties;

discharge of negotiable instruments and the parties secondarily liable;

liabilities of the parties; effects of alteration; and other kinds of

instruments such as promissory notes and bills of exchange. Some of the major themes that will be explored in class include the process of

negotiation and collecting (i.e., paying and getting paid), loss allocation (who pays when there is a problem), and emerging payment systems using new technology and the Internet (credit and debit card systems).

At the end of the course, the students are expected to demonstrate knowledge and understanding on the different form of negotiable instruments and imbibe the values of honesty and integrity in applying the law on negotiable instruments.

Topic Outline: Estimated No of Hours

1. Introductory concepts 1.50

 The Negotiable Instruments Law

 Forms of negotiable instruments

 Functions and kinds of negotiable instruments

2. Requisites of negotiability 4.50

 In writing

 Signature of maker or drawer

 When promise or order is unconditional

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 Certainty of sum payable

 Time of payment as requisite of negotiability

 Whom payable

 Drawee

3. Negotiation 3.00

 Modes of transfer of commercial papers

 Negotiation

 Indorsement

4. Concepts of a holder in due course 4.00

 Preliminary considerations

 Holder in due course

 Kinds of defenses of parties

 Parties and their liabilities

5. Presentment for payment 4.00

 Meaning of presentment for payment

 Requisites of sufficient for payment

 When presentment for payment is unnecessary

 Effects of presentment for payment

 Other concepts

6. Notice of dishonor 4.00

 Meaning of notice of dishonor

 Significance of notice of dishonor

 Manner of giving notice of dishonor

 When notice of dishonor can be dispensed with and when it is not required to be made

 Effects if notice of dishonor is required and it is not made

 Other concepts

7. Acceptance 3.00

 Meaning of acceptance

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 Kinds of acceptance

 Formal requisites of acceptance

 Time allowed for drawee to adopt and when acceptance is made

 Other concepts

8. Presentment for acceptance 4.00

 Meaning of presentment for acceptance

 Significance of presentment for acceptance

 Manner of making presentment for acceptance

 When presentment for acceptance is excused

 Effects if presentment for acceptance is not made

 Other concepts

9. Protest 3.00

 Meaning of a foreign bill of exchange

 Protest as a requirement for foreign bills

 Other concepts

10. Acceptance for honor 3.00

 Meaning of acceptance for honor

 Formal requisites of acceptance for honor

 Effects of acceptance for honor

 Other concepts

11. Payment for honor 5.00

 Meaning of payment for honor

 Purpose and function of payment for honor

 Requisites of valid payment for honor

 Effects in case bill is paid for honor

 Rights of a party who pays for honor

 Other concepts

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12. Bill in a set 5.00

 Meaning of bill in a set

 Rights of holders if different parts of a set are negotiated

 Liabilities of parties of different parts of a set

 Effects of discharging part of a set

 Liability of an acceptor who pays part of a set

13. Discharge of negotiable instruments and

the parties secondarily liable 5.00

 Meaning of discharge of a negotiable instrument

 How instruments are discharged

 When persons secondarily liable on the instrument are discharged

 Right of party who discharges instrument

 Renunciation by holder

 Cancellation; unintentional; burden of proof

 Effect of alteration of instrument

14. Emerging payment systems using new technology and the Internet 2.00

 Credit card system

 Debit card system

Total Sessions Express As Contact Hours 54

Recap

Identification of CPC Topics Covered in this Course Estimated Contact Hours

Accounting 7

Marketing 1

Finance 7

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Management 5

Organizational Behavior 5

Human Resource Management 1

Operations Management 1

Legal Environment of Business 38

Economics 1

Ethics 2

Information System 1

Quantitative Methods/ Statistics 1

International/ Global Dimensions of Business 2

Integrative Experience 3

Total Estimated Contact Hours 75