What Is a Negotiable Instrument?

Circulation of notes means that notes can be changed by endorsement or delivery.

Negotiable instruments

Right!

Circulation of notes means that notes can be changed by endorsement or delivery.

general

Applicable to transfer of property certificates, such as

It is the basic characteristic of notes.

Features: (1) Through simple delivery or endorsement delivery, there is no need to inform the original debtor;

(2) The assignee can obtain the full right of the bill, and can sue to all parties on the bill in its own name;

(3) The assignee obtains the rights on the note better than its predecessor, that is, the assignee's note rights are not affected by the defects of the prior right;

(4) Two parties: the assignor and the assignee.