SECTION 1 and allied sections “Any. Rene Alexis P. Villarente Ateneo de Davao University Collegeof Le Nego Ne Tastroment aise fro Section 1 ofthe NIL Promissory Note (PN) (Section 184) Pave > Section | Form of Negotiable) Instruments. An instrument to be negotiable must conform to the following requirements: (@) Itrmust be in writing and signed Dy the maker or drawer, (©) Must contain an unconditiGnal promise or order to pay a sum certain in money; (©) Must be payable on demand, 6 ata fixed or determinable future (4) Mast be payable to order orto beaee (©) Where the nsmenti addressed toa drawee, he must De~ samed oF there il of Exchange (BE) (Section 126) Pe * -+ [Titer TE eor me ese: ‘Cheeks (Ch) (Section 185) Figore of relationship of partes to NL ‘Sesion 3 When promise ( order is wnconditionl Tiabiity on Negotiable Instrument {is extinguished (discharge) Section 2 Certainty ato sum ht consis (RA 8185) Section 7 When payable on demand - Sesion 4 Determioale fue time, what consttes [Saag Ire hw chad Anepehcts (yet in dre yoo taf he iil at, (08) pymat ind carey he ry secede hee enous Canepa i enone (Cy tr cel concn hereby hale (hy abraham eth payor of (G Whn prin dtr cr elder of nue to ater = ‘Secon 8 When pyableto order Section 9 When payableto indicted foi "Oak pron of the Nth an Seon 9 Spite at cen) 41 (eto pac) 24 120 anagem able) 175 ppm eo) Sb ciation hay 8 1e Geis payee etn ‘beeen tient) 19 18 cng ae) 3818 galt ems) 1) 188 ck tine of ree) 5s ew ena 12) 18 heck epee) with certainty, 1) See 1 onder af drawer odawecto 2) See 1 (): order of payee or holder far, Section 125 Bill added to sore than one drawee. A bil ray be addressed 19 80 o€ ‘more drawers oily bt notin thernative of succession. “one En {Chl at Are Obi ae caged (By tay x ptm, By he ef hig a) Bye Senn oii of be (Byte cane oma of es ‘ease of gen a sox tinct ‘Sli cantn and psi te gored cee in Ci Cade ern pearly [abl pay ante Bony = ceIL. SECTIONS 14, 15 and 16/ INDORSEMENT Aina ie i ancy ermal ‘ACT OF WRITING TNDORSEMENT f SECTION 1" SECTION 15 “he Ort GN 12074 aly 10 3006 Tew merely pene nieeen Sauer cant Scien Pipe ees Teale oe fry he oven pon ey Sabanree renee 5 areas Seto git ete mee fi eee Rec om te ek i wm ae Se Ses ar cee aie BF 32 Bet porate {ihd her heh pen cme men ar of he Meo ‘hha rls che a [Eni da and 4G 141427207, | hesgiet weal tle Rae RA eT SANE seenen 52/30IIL FORGERY AND MATERIAL ALTERATION “Ay: Rene AleisF.Villarente [Ateneo de Davao University College of Law andar cae a Seria Auecited Bok m Com of fapash, Ponce of Toe eat et may ie MAKER HOLDER en ‘siege are Srteacpre roo See angle Peet om pei ee ‘Sica! gt ire DRAWER | amend ca ion tae ge 2s i fees Ticked CAM, ler Sisal mate i i Lean ‘Sree atl 62) ier || SegeeeeceIV, RIGHTS AND LIABILI IES OF PARTIE “Ay Rene Alexis PVillarete tence de Davao University College of Law =] MAKER VORSERS LIABILITIES OF PARTIES me ofc Dalal oe =e DRAWER —([a B HOLDER “iss Sin GR No Ha Jy Dw CES is ek ‘Sct tet eye te roe ilies pry oer eed eae ‘Mare Boa vs Caio GCN 11G9 Dec 6206 ‘owes ps tn say ie! a eh re eh citeane tay anting ioe, eee nko teroeminad en raced Init ye dane Sk GR fie Chto ts Cann Oe 38), 2 Wher he trent ed a mage end chek 298 pe 08 ‘Section 191 Defiiion of Terms Holder rena the payee indore of il or note, ‘nbn posi of i rte bearer toot UPL Rona CHL Ne S749 Other 15207, ‘Ur Seton a al ley lr ‘Revel pe re alr rose ‘Sewn date ote has proach moved cone of cas ein [ye CA al Nap GR 29th, An etna yt ate oe ‘et alr fr vest ‘uh hw hg mere inate yao camnnen pa