SCMA 323 Lecture 24: SCMA 323 Lecture 24 (W, Mar 29)
6 Apr 2017
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10 page paper for extra credit (due in two weeks) Chapters from here on out: 19, 22, 23, 29, 30, 36, 37, 47, 48, 49, 52, 53: try to stay two chapters ahead. Notes/certificates of deposits (cd) 2 party paper. Signed by maker / drawer of the check. No undertaking in addition to paying : cannot combine payment of money and undertaking. Must be payable on demand or at a specific time: notes usually are dependent on a time frame. Payable to order or bearer: you can actually write in the word bearer on check. Notes will frequently have: acceleration clauses, extension clauses. For the rest: remember 7 things and definition; bearer, order, etc.
