If the pledged property is negotiable paper, the pledgee must collect the paper as it falls due, and observe all the requirements necessary to preserve the rights of the pledgor.
A pledgee of negotiable paper, who takes it before it is due without notice of defenses, is an innocent purchaser for value without notice, and as such, is entitled to the rights of an innocent purchaser for value without notice.
Assuming that the claim is not represented by negotiable paper, the legal owner of the claim is still the assignor.
This risk is the same that one runs in regard to negotiable paper.
By negotiable paper is meant paper that can be sold and transferred.
The only exception to this rule is negotiable paper.
Negotiable paper, any commercial paper transferable by sale or delivery and indorsement, as bills of exchange, drafts, checks, and promissory notes.
Of the best quality; -- said of negotiable paper, etc.
His duties chiefly relate to instruments used in commercial transactions, such as protests of negotiable paper, ship's papers in cases of loss, damage, etc.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "negotiable paper" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
