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Simple English definitions for legal terms

negotiability

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A quick definition of negotiability:

Term: Negotiability

Definition: Negotiability means that a special kind of paper, called commercial paper, can be transferred to someone else by simply giving it to them or by signing it over to them. This means that the new owner has the right to use it and claim it as their own. This is different from regular contracts, where the new owner takes on any problems or issues that the original owner had with the contract. With negotiability, the new owner is protected from these problems and doesn't need to tell the person who owes the money that they now own the paper.

A more thorough explanation:

Definition: Negotiability refers to the ability of commercial paper to be transferred by endorsement and delivery or by delivery alone, allowing the transferee to have a rightful claim on it. This means that the transferee can become the legal owner of the commercial paper and can enforce its terms against the issuer.

For example, a check is a type of commercial paper that is negotiable. If someone endorses and delivers a check to another person, that person becomes the legal owner of the check and can deposit it into their own bank account. The bank will then credit the funds to the new owner's account, and the original issuer of the check will be obligated to pay the new owner.

Another example of negotiable commercial paper is a promissory note. If someone endorses and delivers a promissory note to another person, that person becomes the legal owner of the note and can enforce its terms against the issuer. This means that the new owner can demand payment from the issuer according to the terms of the note.

Overall, negotiability is an important feature of commercial paper because it allows for easy transfer of ownership and provides a level of security for the new owner.

négoce | negotiable

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I am sorry if you like it, but TikTok is fucking awful
LSDFan
10:28
tiktok is great
triplethread
10:28
i lub tik tok and reddit and instantgram
Dkk
10:29
Nah, lol I hate it @texas. I remember when it was music.ly too and you used to have music.ly cringe compilations.
babycat
10:29
I do not have tiktok either because it makes my brain unhappy
10:29
how come i didnt get fordham AGAIN
Yeah, shit is awful. I have friends who spend hours a day on it
m10
10:30
Sorry to hear @Eggan
BulbasaurNoLikeCardio
10:30
I think tik tok is evil and coming from a national defense background, working in PSYOP and in the intelligence community I can promise it is.
glovediedthisishismom
10:30
5318008 now look at it upside down ;)
snow
10:31
tik tok and youtube reals has fried my brain
babycat
10:31
@glovediedthisishismom: boobies!!!
so off topic but dude eggan the weather here in nyc is insane
babycat
10:31
@BulbasaurNoLikeCardio: I wonder if you know my local psyops guy
m10
10:32
@BulbasaurNoLikeCardio: Yeah but like half the general officers are compromised so we might as well just give this country to China already. The head of the JAG corps used to tell us how much he loved Tiktok and he was a 1 star. These people should be court martialed. I hope Trump follows through on that promise the most.
it was 80 degrees three days ago and now it's like pouring rain sleet and wind
babycat
10:32
@jackfrost11770: we all living the same weather. I’m abt to go to the gym
babycat
10:32
I’m listening to car seat headrest
it's the worst when the weather is this shit and there isn't even any snow like at least let it be aesthetic (although snow in nyc is the opposite of that)
snow
10:33
india ass band
10:33
checking in on Wake Forest. Y'all heard anything?
LSDFan
10:34
@m10 are you FLEP
m10
10:34
@LSDFan: nah lol, I am just using my GI Bill. I do not feel like going back.
LSDFan
10:34
good call
BulbasaurNoLikeCardio
10:34
@m10: 110% agree, china has a truly amazing HUMINT network and espionage skills that much of our military is infiltrated or committing willful negligence of duty in prevent and protection. @babycat: PSYOP is pretty small on the AD side but I left the community to go play with Apaches and drones in 2018/19
10:35
Daily check in , stay chillin
10:35
anyone touring hls today?
10:35
Same @m10
10:36
also my softs are bordering t3-t2. would it be worth for me to R+R if im trying for t4
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