Asked by Keiona Wedderburn on May 28, 2024
Verified
"Order paper" is negotiated by delivery only.
Order Paper
A document listing all the items of business scheduled to be considered by a parliament or other legislative body on a specific day.
Negotiated
The process through which parties come together to discuss and settle upon the terms of an agreement or contract.
- Explain the distinction between order paper and bearer paper and the methods of their negotiation.
Verified Answer
SS
Sanjay SinhaMay 30, 2024
Final Answer :
False
Explanation :
"Order paper" is negotiated by endorsement and delivery, not by delivery only. It requires the endorsement (signature) of the holder to legally transfer it to another party.
Learning Objectives
- Explain the distinction between order paper and bearer paper and the methods of their negotiation.