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Unit 2 instrument

Unit 2 instrument
Unit 2 instrument

Unit 2 instrument

What is a negotiable instrument?(流通票据)

In a broad sense: any commercial title of ownership

valuable securities and evidences

Examples

bills of exchange, promissory notes, checks, bills of lading, treasury bills, insurance policies ,certificate of deposits and so on

?In a narrow sense:

An unconditional ______ or_____ to pay an amount of money that is easily transferable from one person to another

?Examples:

bills of exchange, promissory notes, and checks.

?Negotiability:

the title to a negotiable instrument can be passed from person to person by mere delivery or by endorsement followed by delivery

Example : “bearer” “specified person ”

?Requisite in form (要式性)

It must be in form of a document containing required items:

? a. the name of a negotiable instrument

? b. unconditional order or promise to pay;

? c. a fixed amount of money;

? d. issuing date and due date;

? e. names and places of the drawer, the payee and the drawee;

? f. the signature of the drawer.

?Non-causative nature (无因性)

exists independent of the commercial relations,

the transferee will not mind how the instrument is generated

Recoursement (可追索性)

?Drawer 出票人

?Drawee 受票人

?Payee

?Acceptor 承兑人

?Endorser 背书人

?Endorsee 被背书人

?Holder 持票人

?Definition:

Under B/E Act 1882 of the UK:

an unconditional order in writing addressed by one person to another, signed by the person giving it , requiring the person to whom it is addressed to pay on demand or at fixed or determinable future time a sum certain in money to or to the order of a specified person or to bearer.

1.It must contain “Bill of Exchange”, ”Draft”

2. An unconditional order:

a. the order should be carried out without any conditions:

b. Expressed in an imperative sentence.

3. Date and place of issue: normally issued in the place where the drawer resides

9/8/2012

4. Tenor: the due date of a bill on which the drawee should effect payment

Two types: sight bills(即期), usance bills(远期)

Usance bills

a. Payable at a fixed time after sight (见票后定期付款)

“pay at 30 days after sight” “ at 60 days after sight” “ three months after sight”

the due date is based on accepting date

Payable at a fixed time after date(出票后定期付款)

The due date is based on the date of issue

“pay at 30 days after date” “ 60 days after date” three months after date”

c. Payable on a fixed future date: a specified event that is certain to happen .(定日付款)“pay at 60 days after presentment of the documents”,

“ three months after the death of A”

“pay at three months after John gets married”

Rules for calculating the due date of a bill:

a. If the paying date is non-business day---it should be paid on the succeeding business day.

b. “after” and “from”: according to UCP600 ,when the two words are used the maturity date exclude the date mentioned.

“10 days after March 1” or “ 10 days from March 1” ----the maturity date____________.

6. Name of the payee

Restrictive order:

not transferable/ not negotiable

“Pay to liming only”

“pay to Liming not transferable”

Demonstrative order/indicative order

negotiable/transferable by endorsement

“ pay to the order of Liming”

“ pay to Liming or order”

“pay to Liming ”

Bearer order:

Negotiable, endorsement is not required, not safe

“ pay to the bearer”

7. Signature:

“ for ”, “ on behalf of ”, “ for and on behalf of”

“ per pro”

“For ABC Corporation., London”

(signature)

John Smith, Manager

Three key parties:

The drawer, the drawee, the payee

2. Additional parties:

the acceptor, the endorser, the endorsee

the holder, the discounter, the guarantor

?Expression describing the three immediate parties:

“ the bill is drawn by A on B payable to C”

A----- DRA WER

B-----DRA WEE

C-----PA YEE

“ the bill is drawn by us on you payable to ourselves”

Drawer, payee----the same person(指己)

“ the bill is drawn by us on ourselves payable to you”

Drawer, drawee---the same person(对己)

?Holder for value:(对价持票人)

a.Person gives value by himself or by some other person prior to him

b.V alue can be in form of ______, _______ , _________

c.Holder in due course:

a. an individual acquires a negotiable instrument in good faith and for value.

b. The instrument should be complete and regular on its face

c. The instrument is before maturity

d. The holder did not notice any infirmity in the instrument or defect in the title of the person negotiating it.

?A holder for value may or may not be a holder in due course

?A holder in due course must be a holder for value

5. A sum certain in money: the sum should be expressed in words and figures, accurate

“ payable at USD three hundred only”

“ payable at about USD three hundred”

“payable at USD three hundred with an interest”

“payable at USD three hundred plus interest at 3% “

6. Name of the payee

Restrictive order:

not transferable/ not negotiable

“Pay to liming only”

“pay to Liming not transferable”

Demonstrative order/indicative order

negotiable/transferable by endorsement

“ pay to the order of Liming”

“ pay to Liming or order”

“pay to Liming ”

Bearer order:

Negotiable, endorsement is not required, not safe

“ pay to the bearer”

Acts relating to a B/E

?issue

?Endorsement

Acceptance

presentment

?Payment

?Dishonor

?recourse

?Guarantee

ISSUE:

1.definition:the first delivery of a bill or note, complete in form to a person who takes it as holder

2.T wo acts:

(1) to draw and sign

(2) to deliver it to the payee

ENDORSEMENT :

1. two acts:

(1)the holder signs on the back of a bill

(2)delivers it to the endorsee

2.requirements of a valid endorsement:

a. it must be written on the _____itself and be signed by the

b. an endorsement of the ____ bill

c. may be made in _____ or special.

d. may have _____ endorsees or endorsers.

The first endorser is the ______ forever;the last endorsee is the________ forever 1. special endorsement: an endorsement in full

(记名,完全,特别背书)

Pay to the order of D Company

For C Company

(Signed)

Pay to B.

A (signed)

Note:

special endorsements not only show a chain of endorsers but also give the holder full right to recourse against all the priors in the event of dishonor.

2. blank endorsement: general endorsement

For C Company

(Signed)

it’s not allowed in China, only special endorsement can be used.

?The holder may fill up the blank either with his own name or with the name of some other person.

?The holder may endorse the bill in blank and then transfer it to another person.

?The holder may transfer the bill to another person without filling up the blank and without endorsing it, by mere ________

3. conditional endorsement

Pay to the order of B Bank On delivery of B/L No.125

A (signed)

Pay to B without recourse to me.

A( signed)

Not all the laws allow the condition.

4. restrictive endorsement: prohibits further transfer of the bill.

Pay to A Bank only. B (signed)

Pay to A not transferable. B( signed)

ACCEPTANCE :

1. two acts:

a. the_____ signs on the_____of the bill.

b. ______ it to the person presenting for acceptance.

Two types of acceptance

(1)General Acceptance (一般承兑)

a. mere signature of the drawee

b. signature of the drawee plus the word “accepted”

c. signature of the drawee plus date

d. signature, acceptance, date

ACCEPTED

MARCH 9, 2012

FOR A COMPANY

(SIGNED)

(2) QUALIFIED ACCEPTANCE

1.CONDITIONAL ACCEPTANCE:

ACCEPTED

SEPTEMBER 1,2012

PAYABLE ON DELIVERY OF B/L

FOR A COMPANY

(SIGNED)

2. PARTIAL ACCEPTANCE

ACCEPTED

SEMTEMBER 1,2012

PAYABLE FOR AMOUNT OF USD 800 ONLY

FOR A COMPANY

3. LOCAL ACCEPTANCE

ACCEPTED

SEPTEMBER 1, 2012

PAYABLE AT CITYBANK, NEWYORK AND THERE ONLY

FOR A COMPANY

According to the instruments’ law in China: acceptance should be unconditional .

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I. 重点短语 1. a bottle of 2. a little 3. a lot (of) 4. all day 5. be from 6. be over 7. come back 8. come from 9. do one’s homework 10. do the shopping 11. get down 12. get home 13. get to 14. get up 15. go shopping 16. have a drink of 17. have a look 18. have breakfast 19. have lunch 20. have supper 21. listen to 22. not…at all 23. put…away 24. take off 25. throw it like that 26. would like 27. in the middle of the day 28. in the morning / afternoon/ evening 29. on a farm 30. in a factory II. 重要句型 1. Let sb. do sth. 2. Could sb. do sth.? 3. would like sth. 4. would like to do sth. 5. What about something to eat? 6. How do you spell …? 7. May I borrow…? III. 交际用语1. —Thanks very much! —You‘re welcome. 2. Put it/them away. 3. What‘s wrong? 4. I think so. I don‘t think so. 5. I want to take some books to the classroom. 6. Give me a bottle of orange juice, please. Please give it / them back tomorrow. OK. 9. What‘s your favourite sport? 10. Don‘t worry. 11.I’m (not) good at basketball. 12. Do you want a go? 13. Tha t‘s right./ That‘s all right./ All right. 14. Do you have a dictionary / any dictionaries? Yes, I do. / No, I don’t. 15. We / They have some CDs. We / They don’t have any CDs. 16. ---What day is it today / tomorrow? ---It’s Monday. 17. ---May I borrow your colour pens, please? ---Certainly. Here you are. 18. ---Where are you from? ---From Beijing. 19. What‘s your telephone number in New York? 20. ---Do you like hot dogs? ---Yes, I do. ( A little. / A lot. / Very much.) ---No, I don‘t. ( I don‘t like them a t all.) 21. ---What does your mother like? ---She likes dumplings and vegetables very much. 22. ---When do you go to school every day? ---I go to school at 7:00 every day. 23. ---What time does he go to bed in the evening? ---He goes to bed at 10:00. 一、How do you like ... ? 〔句型介绍〕用来询问对某人/ 物喜欢到什么程度,意为\"你觉得......怎么样\",常以I like ... a lot / a great deal / very much. 回答。 -How do you like your hometown? 你觉得你家乡怎么样?

短语固定搭配

1.break break down出毛病,拆开 break off 暂停,中断 break out爆发 2. come come down下跌,落,降,传下来 come in进来 come out出版,结果是 come on来临/ 快点 come along一道来,赶快 come over (to) 顺便来访come back回来 come from来自,源自 come on 加油;来吧 come up发芽,走近 come up with; think up 想出 3.cut cut up 切碎 cut down砍倒,削减 cut off切断,割掉,断绝关系 4. fall fall behind落后 fall down掉下,跌倒 fall into 落入;陷入 fall off 从……掉下 5. go go along沿着…..走 go against违反 go back 回去 go by时间过去 go over复习,检查 go up(价格)上涨,建造起来 go away离开 go on(with)继续进行

go out外出,熄灭 go off发出响声 go through通过,经受 6. get get to 到达…… get up起床 get on进展,进步,穿上,上车 get off脱下,下车 get out 出去 get away逃跑,逃脱,去休假 get over克服,从疾病中恢复 get along with进展,相处 get into (trouble) 陷入困境中 get back取回,收回 get down下来,记下,使沮丧 7.give give up放弃,让(座位) give away赠送,泄露,出卖 give out发出,疲劳,分发, give off 放出(光、热等) give in (to sb.) 屈服 8. hand hand in交上,提交 hand out分发 9. hear hear of 听说,得知 hear about听到……的事,听到。。的话hear from接到。。。的信 10.keep keep up with跟上 keep out 不使……进入 keep from克制,阻止 keep away from避开,不接近,keep on继续,坚持下来

一些重要的短语

1.be on show / display / play / sale / strike / duty / trial 2. be of value / importance / use / no use / color / age / size / height / weight / significance 3. to one’s joy / surprise / pleasure / astonishment / sorrow / delight 4. in surprise / wonder / alarm / terror / horror / delight 5. by air / bicycle / boat / bus / car / letter / post / plane / telephone / train / wire 6. at daybreak / sunrise / dawn / noon/ dark / night 7. out of breath / control / question / sight 8. in fact / reality / substance / nature / practice / theory / short / brief / a word / detail / all / average / full / time / fashion / existence / turn / vain / haste / appearance / common / sum/ general / particular / public / secret / order / part / power / stock / case / bed / future / name / addition / sight 9. on duty / shift / holiday / leave / business / purpose / time / sale / show / board / hand / record / request / root / earth / farm / principle 10. for example / instance / all / good / nothing / convenience / short / fear / sale 11. by weight ( volume size number~~ ) / profession / definition / rule / turn / chance/ accident/ mistake / hand / train ( bus ,taxi ,ship ,boat ~~) / air / land / force / day / nature / sight 12. at most / least / best / worst / once / first / last / home / school / will ( at will:任意) / work / night / midnight / daybreak / dawn / present / length / large 13. as above / below / following / over / usual / before / a matter of fact 14. above all / measure / normal 15. before all / long / time / now / then 16. after all / class / school 17. out of action / order / condition / use / operation / step / joint / repair/ gear / balance / range/ doubt / date / danger / hand / shape / place / question / stock / 18. with caution / interest / difficulty / ease / advantage / effect / reason / vigor / reserve / success / confidence 19. beyond comprehension / conception / description / expression / doubt / control / reach / power / measure / grasp / compare / controversy / dispute / hope / example 20. under age / discussion / test / way / repair - 1 -

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3. 二.竞价词 这些卖家的广告为什么会出现在这里呢? 因为他们都设置了风衣这个竞价词 那竞价词又是什么呢? 就是买家输入这个词搜索,你的广告就能出现。 就像百度的搜索,如果信息符合被搜索的关键词,这条信息就会出现,在直通车,我们把这个关键词称为竞价词. 比如你希望买家输入“风衣”这个词,他就可以在我们的广告位上看见你的宝贝,那么“风衣”就是你要设置的竞价词。

新手入门第二课——收费与排名原则 大家都知道,直通车是一个收费的产品,那到底是怎么收费呢? 多少钱一天还是有包月还是其他收费方式呢? 直通车不是按时间收费的,它的收费方式是:按点击收费 广告展示在广告位上了,我们不收费,只有当买家对您的宝贝感兴趣,点击了您的宝贝,才会有费用产生.所以广告展示跟时间无关,只和余额、日最高限额和定时投放有关(第三课有详细讲解)。 点一次多少钱呢? 每次点击最少1毛钱 那最多呢? 最多多少钱是您自己设置的,您设置的高,扣的钱就多,设置的低就扣的少. 大家都喜欢设置的低,可以少扣点,那设置的高和低有什么区别呢?(排名规则) 比如”风衣”这个词,有20个人买了这个词,但是第一页只有5个人广告位,谁排在前面呢?这时候就需要看谁对”风衣”这个词的出价高,出价越高,排位越前,当然排位越前的每次点击扣的费用也越多. 这个出价就是竞价词的价格 扣钱是从我的支付宝账户扣还是有什么其他方式呢? 是从直通车账户扣款的,首次充值直通车最少500元,按点击扣费,没有任何服务费用,也没有使用期限

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词组和固定搭配

一、名词词组和固定搭配 1.介词+名词 by accident 偶然 on account of 因为,由于,为了……的缘故 in addition to 另外,加之 in addition 除…之外(还) in the air 流传中 on (the/an) average 按平均值,通常 on the basis of 根据,在…的基础上 at best 充其量,至多 for the better 好转,向好的方向发展 on board 在船(车或飞机)上 out of breath 喘不过气来 on business 因公,因事 in any case 无论如何,不管怎样 in case of 假如,如果发生;防备 in case 假使,以防(万一) in no case 决不,无论如何不 by chance 偶然,碰巧 in charge (of) 负责,管理 (a)round the lock 日夜不停地 in common 共用的,共有的 in conclusion 最后,总之 on condition (that) 如果 in consequence of 由于…的缘故,因为 on the contrary 正相反 in contrast with/to 与…对比起来,与…形成对比 out of control 失去控制 under control 处于控制之下 at all cots 不惜任何代价,无论如何 at the cost of 以…为代价 in the course of 在…过程中,在…期间 of course 当然,自然 in danger 在危险中,垂危 out of danger 脱离危险 out of date 过时的,不用的 up to date 现代化的,切合目前情况的 in demand 非常需要的,受欢迎的 in debt 欠债,负债 in detail 详细他 in difficulties 处境困难 in the distance 在远处 off duty 下了班(的),不在值班(的) on duty 在上班(的),在值班(的) on earth 究竟,到底 at all events 无论如何,不管怎样 in any event 无论如何,不管怎样 in the event of 万一,倘若 for example 例如 in the face of 在…面前;不顾 in fact 其实,实际上 in favo(u)r of 赞同,支持 on fire 着火,起火 on foot 步行 in force 生效,有效;在实施中;大量的 in front of 在…面前,在…前面

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淘宝直通车技巧篇:设置竞价词的思路 首先,第一点,宝贝名称,从您宝贝的名称中提炼出来关键词来作为宝贝的竞价词。 第二点,宝贝详情里的属性词,宝贝详情是我们在编辑宝贝信息的时候抓取出来的关键信息,也是买家十分关注的,所以说用宝贝详情里的属性词作为宝贝的竞价词是十分明智的。 第三点,名称词和属性词里面的组合词。这些词相对比较精确,买家的购买欲望也十分强。 淘宝直通车技巧篇:设置竞价词的思路 总结了设置竞价词的思路,我们再来看一个例子。图中展示的是一件韩版风衣,它的宝贝详情已经给大家列出来了。包括它的价格,颜色,品牌以及风格。各位掌柜,您看到这件宝贝的话你会设置哪些竞价词呢?

淘宝直通车技巧篇:设置竞价词的思路 首先,第一点,宝贝的名称词中我们可以用“风衣”这个竞价词。 第二点,宝贝详情里面的属性词,我们可以用双排扣、韩版、淑女、绿色、长款等等作为竞价词。 第三点,在宝贝名称和宝贝详情的组合词中,我们可以用韩版风衣,双排扣风衣等作为关键词。

人教版英语必修二重点短语

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compare 的两个重要词组区别

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固定搭配短语

1.Ascribe sth. to sb 认为...是...写的 2.Attribute/ascribe/owe ...to... 把...归因于 3.Subscribe to/for sth. 订阅(报纸/杂志);订购(书籍) 4.Prescribe sth. to sb. 给...开处方 5.Prescribe sth. for sth. 为...开药e.g. Prescribe some pills for my fever. 6.Confine sb. to sth. 把...局限于 7.Restrain sb. from doing sth. 克制;抑制 8.Restrict sb. to sth. 限制;约束 9.In retrospect 回顾;回想起来 10.Take sb. in 欺骗,欺瞒 11.Take up 开始从事(某种活动);占据 12.Take over 接管;接任 13.Take off 起飞;脱下 14.Get off(with)逃脱严厉的惩罚 15.Get by 度日;勉强对付过去 16.Get through 通过

17.Back out 不履行(诺言,合同);打退堂鼓 18.Back away(from)(因恐惧/厌恶)向后退,退缩 19.Back off 后退;让步 20.Back up 支持某人(某事) 21.See through 识破;看透;看穿 22.See through one’s deception 识破某人的骗局 23.See sb. off 给某人送行 24.See to=take care of/deal with 照顾;处理;关照 25.Do down sb. 说某人坏话 26.Do over 重新粉刷/油漆(房间,墙壁) 27.Do up 扣;系 28.Fall down 失败;未能符合要求 29.Fall off (质量/数量等)下降;减少 30.Fall behind 落后 31.Fall out (头发/牙齿等)脱落 32.Fall out with sb. (与某人)吵翻/闹翻 33.Bring about=cause=lead to=result in=give rise to 导致

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英语中重点词组

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4.had better do sth.最好干某事. 否定:had better not do sth. 特别注意:had better后面跟be动词词组,不可漏掉be. eg.You'd better catch a train. You'd better not talk in class. You'd better not be late for the class. 5.It is good (nice)of+宾格+to do sth. eg.It is very good of you to teach me English. (你教我英语真是太好了) 6.It takes sb. some time to do sth.(干某事花费某人多少时间) =sb.spend some time on sth. (in) doing sth. eg.It took me half an hour to do the work. =I spent half anhourin doing the work. 7.sb.pay 钱 for 物某物花费了某人多少钱

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