TAILIEUCHUNG - Lecture Business law: The ethical, global, and e-commerce environment (13/e): Chapter 33 - Mallor, Barnes, Bowers, Langvardt

Chapter 33 provides knowledge of liability of parties. After reading the material in this chapter, you should be able to: Explain difference between primary and secondary liability, list five warranties made to transfer negotiable instruments and three warranties made when presenting these for payment or acceptance, discuss three exceptions to normal liability rules. | Commercial Paper Negotiable Instruments Negotiation & Holder in Due Course Liability of Parties Checks and Electronic Transfers 7 McGraw-Hill/Irwin Business Law, 13/e © 2007 The McGraw-Hill Companies, Inc. All rights reserved. Liability of Parties P A E T R H C 33 “Always do right. This will gratify some people, and astonish the rest.” Mark Twain, speech to Young People’s Society (1901) Learning Objectives The Basics of Contractual Liability Contractual Liability in Operation Warranty Liability Other Liability Rules Discharge of Negotiable Instruments 33 - When a person signs a negotiable instrument as maker, drawer, or indorser, the person is contractually liable to pay the instrument Liability also arises from: (1) improper transfer or presentment of an instrument; (2) negligence in instrument issuance, alteration, or indorsement; (3) improper payment; or (4) conversion Overview 33 - The maker or drawer of a promissory note is primarily liable for paying the debt UCC Article

• Quản trị kinh doanh
• Liability of parties
• Warranty liability
• Business law
• Business ethics
• E commerce environment
• Regulation of business
• Dynamic business law
• Legal environment of business
• Business organizations
• Liability to third parties
• Authority of agent
• Lecture Dynamic business law
• Signature liability
• Parties signing negotiable instrument
• Federal regulation of firms
• State regulation of firms
• Business and society
• Business Government and Regulation
• The Roles of Government and Business
• Interaction of Business
• The Influences of Government
• Securities regulation
• Exchange commission
• Disclosure laws
• Environmental regulation
• Agency enforcement
• Nature of corporations
• Sole proprietorship
• Forms of business
• Bankruptcy plan
• Bankruptcy code
• Negotiable instruments
• Pay money
• Due course
• Effects of indorsement
• Check collection
• Electronic funds transfers
• Agency relationship
• Agency authority
• Contract liability of agent
• Implied warranty of authority
• General duties
• Management powers
• Partners joining partnership
• Nonwrongful dissociations
• Limited liability companies
• Limited partnerships
• Preincorporation contracts
• Financing corporations
• Management of corporations
• Corporate powers
• Shareholders’ rights
• Shareholders’ liabilities
• Professional responsibilities of auditors
• Securities professionals
• Administrative law
• Investigative power