Revocation – NBC Institute

BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments

Understanding the characteristics of negotiable instruments, banker's duties, revocation of wills, and parties to a bill of exchange.

Question

(a) State FOUR characteristics of a negotiable instrument. (4 Marks)

(b) Mr. Eddie is a customer of Perfect Bank Limited. He issued a cheque for the sum of N20,000 to Mr. Jossy. At the time of issuing the cheque, his account was in credit to the tune of N150,000. The cheque was dishonored by the bank. Mr. Eddie wants to sue the bank. You are required to advise Mr. Eddie. (5 Marks)

(d) State the parties to a Bill of Exchange. (3 Marks)

Answer

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Tags: Banker-Customer Relationship, Bill of Exchange, Negotiable Instruments, Revocation, Will
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2011

BL – May 2014 – L1 – SA – Q19 – Law of Trusts

Identifying circumstances under which a will may be revoked.

Question

A will may be revoked by:
A. A Codicil
B. Death of the testator
C. Insanity of the testator
D. Bankruptcy of the testator
E. Accidental destruction

Answer

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Tags: Revocation, Trust Law, Wills
Level: Level 1

Topic: Law of Trusts
Series: MAY 2014

BCL – May 2019 – L1 – Q4 – Company Law

Discusses the rights of parties in share allotment and revocation under company law.

Question

On 1st January 2018, Parentsgold Ltd, a new and promising company, had its prospectus published. On 3rd January 2018, Frank Larry sent an application for GH¢100,000 worth of shares in Parentsgold Ltd. On the same 3rd January, Abena Manu submitted an application for GH¢50,000 worth of shares, but on 8th January 2018, she sent a mail revoking her application. Both applicants remitted the requisite application moneys on the day of their application.

Due to lack of a quorum, the Board of Directors of Parentsgold Ltd could not meet to consider the applications and allot shares until 15th September 2018. Frank Larry was informed on 16th September 2018 that his application had been accepted and that GH¢100,000 worth shares had been duly allotted to him, but he wrote back refusing the allotment.

Required: Advise the parties of their rights, if any.
(20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Contract Law, Prospectus, Revocation, Share Allotment
Level: Level 1

Topic: Contract Law
Series: MAY 2019

BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments

Understanding the characteristics of negotiable instruments, banker's duties, revocation of wills, and parties to a bill of exchange.

Question

(a) State FOUR characteristics of a negotiable instrument. (4 Marks)

(d) State the parties to a Bill of Exchange. (3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banker-Customer Relationship, Bill of Exchange, Negotiable Instruments, Revocation, Will
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2011

BL – May 2014 – L1 – SA – Q19 – Law of Trusts

Identifying circumstances under which a will may be revoked.

Question

A will may be revoked by:
A. A Codicil
B. Death of the testator
C. Insanity of the testator
D. Bankruptcy of the testator
E. Accidental destruction

Answer

Find Related Questions by Tags, levels, etc.

Tags: Revocation, Trust Law, Wills
Level: Level 1

Topic: Law of Trusts
Series: MAY 2014

BCL – May 2019 – L1 – Q4 – Company Law

Discusses the rights of parties in share allotment and revocation under company law.

Question

Required: Advise the parties of their rights, if any.
(20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Contract Law, Prospectus, Revocation, Share Allotment
Level: Level 1

Topic: Contract Law
Series: MAY 2019

Question Tag: Revocation

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BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments

Understanding the characteristics of negotiable instruments, banker's duties, revocation of wills, and parties to a bill of exchange.

BL – May 2014 – L1 – SA – Q19 – Law of Trusts

Identifying circumstances under which a will may be revoked.

BCL – May 2019 – L1 – Q4 – Company Law

Discusses the rights of parties in share allotment and revocation under company law.

BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments

Understanding the characteristics of negotiable instruments, banker's duties, revocation of wills, and parties to a bill of exchange.

BL – May 2014 – L1 – SA – Q19 – Law of Trusts

Identifying circumstances under which a will may be revoked.

BCL – May 2019 – L1 – Q4 – Company Law

Discusses the rights of parties in share allotment and revocation under company law.

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BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments

Understanding the characteristics of negotiable instruments, banker's duties, revocation of wills, and parties to a bill of exchange.

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BL – May 2014 – L1 – SA – Q19 – Law of Trusts

Identifying circumstances under which a will may be revoked.

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BCL – May 2019 – L1 – Q4 – Company Law

Discusses the rights of parties in share allotment and revocation under company law.

You're reporting an error for "BCL – May 2019 – L1 – Q4 – Company Law"

BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments

Understanding the characteristics of negotiable instruments, banker's duties, revocation of wills, and parties to a bill of exchange.

You're reporting an error for "BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments"

BL – May 2014 – L1 – SA – Q19 – Law of Trusts

Identifying circumstances under which a will may be revoked.

You're reporting an error for "BL – May 2014 – L1 – SA – Q19 – Law of Trusts"

BCL – May 2019 – L1 – Q4 – Company Law

Discusses the rights of parties in share allotment and revocation under company law.

You're reporting an error for "BCL – May 2019 – L1 – Q4 – Company Law"

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