Difference Between Transferability And Negotiability

As per Negotiable Instruments Act, 1881, where a debtor has drawn a negotiable instrument in favor of his creditor and has also executed a mortgage to provide further security, the creditor has a right to sue on the basis of negotiable instrument even without exhausting security in the shape of mortgage. The negotiable instruments are simply transferable from person to person and the ownership of the property in the instrument may be passed on- by mere delivery in case of a bearer instrument, by endorsement and delivery, in case of …

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Two Main Types Of Negotiable Instruments

The negotiable instruments are simply transferable from person to person and the ownership of the property in the instrument may be passed on. A negotiable instrument confers absolute and good title on the transferee, who takes it in good faith, for value and without notice of the fact that the transferor had defective title thereto. The holder in due course, possesses the right to sue upon the instrument in his own name. Thus, he can recover the amount of the instrument from the party liable to pay thereon. Types of …

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Essential Features Of Negotiable Instruments

A negotiable instrument is a transferable document either by the application of the law or by the custom of the trade concerned. The special feature of such an instrument is the privilege it confers on the person who receives it bona fide and for value, to possess good title thereto, even if the transferor had no title or had defective title to the instrument. Essential Features of Negotiable Instruments: The following are the special features of the negotiable instruments: (i) Transferability is an essential feature of a negotiable instrument but …

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The Key Components of Core Goodwill

Before writing about the Key Components of Core Goodwill, we must say what the Goodwill is. Goodwill is an intangible asset linked with a business combination (IFRS 3). It is recorded when an entity acquires another entity and where the acquisition cost is greater than the fair value of the net identifiable assets acquired and liabilities assumed. It is reported on the balance sheet as a non-current asset. The amount of goodwill is subject to an impairment test at least once a year. However, internally generated goodwill (as a result …

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Criticism Of The Principle Of Maximum Social Advantage

Maximum-social-advantages

To meet financial obligations, the government generates revenue sources through taxes and debts from the public and/or from foreign governments, and agencies. Thus. the science deals how to collect revenues and how to spend them to the most benefit to the citizens. The government has to ensure maximum social Advantage to its citizen. It should balance the social Advantage with social sacrifice. The The Principle Of Maximum Social Advantage, undoubtedly, has great theoretical significant, but in practice the principle is criticized on the following grounds:  (1) Non Measurability of Social …

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Graphical Presentation Of Principle Of Maximum Social Advantage

Maximum-social-advantages

Public finance is a science that deals with the finance (income and expenditure) of public bodies and the government of a nation. The government has to perform obligatory. and optional functions. Obligatory functions include defence and maintenance law and order situation. Other functions are optional. To meet these obligations, it generates revenue sources through taxes and debts from the public and/or from foreign governments, and agencies. Thus. the science deals how to collect revenues and how to spend them to the most benefit to the citizens. The government has to …

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Principle Of Maximum Social Advantage In Public Finance

The principle of maximum social advantage is the best principle of public finance, according to Hugh Dalton. According to him, on that s system of public finance is the which secures the maximum social advantage to the community. Public finance operations i e., raising revenue an incurring expenditure bring about transference of purchasing power among various sections of the society that influence the volume of production and distribution of wealth. The various public finance operations will be justified only when they add to the aggregate social welfare. Hence Pigou puts …

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Difference Between Public Finance And Private Finance

Public finance is the study of income and expenditure of the government and also of the policies and principles relating thereto. On the other band private finance is the study of income, debt and expenditure of an individual or other non-government bodies. In some respects, both are similar but in most of the cases, these two differ from each other. We shall now make an attempt to point the difference between private finance and public finance in the following lines. Difference Between Public Finance And Private Finance Public finance and …

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Similarities Between Public Finance And Private Finance

Public finance is the study of income and expenditure of the government and also of the policies and principles relating thereto. On the other band private finance is the study of income, debt and expenditure of an individual or other non-government bodies. In some respects, both are similar but in most of the cases, these two differ from each other. We shall now make an attempt to point the similarities between private finance and public finance in the following lines. (1) Maximum Advantage. The objective of both is the same …

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Importance Of Public Finance In An Economy

The role of public finance was not so important in the 19th century as the Government in those days confined itself to the maintenance of law and order situation in the courtyard to the defense of the country from external aggression. The Government in those days did not intervene in economic But in the 20th century, every Government ensures ‘Social Welfare‘ to its citizens and therefore, the scope of governmental activities has been increasing day by day. Modern Governments do not only confine themselves to law and order situation but …

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