NEGOTIABLE INSTRUMENTS LAW

I. GENERAL PRINCIPLES
a. Definition of Negotiable Instruments
b. Applicability of Negotiable Instrument Law (Sec. 196)
c. Function and Importance of Negotiable Instruments
d. Characteristics or features of negotiable instruments
e. Common Forms of Negotiable Instruments

e.1. Promissory Note (Sec.184)

e.2. Bill of Exchange (Sec. 126)

f. Definition of Terms (Sec. 191)

II. REQUISITES OF NEGOTIABILITY

a. How to determine the negotiability of the instrument.
b. Section 1 (Memorize)
c. Sections 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 17, 18 & 19.