CLA2602 Commercial Law IIB (CLA2602)

CLA2602 SUMMARIZED NOTES Last document update:   ago

STUDY UNIT 1A NEGOTIABLE INSTRUMENTS & OTHER METHODS OF PAYMENT Negotiable instruments & other methods of payment e.g. bills of exchange, cheques and promissory notes. Sources of SA Law of negotiable instruments :  Legislation – Bills of Exchange Act 34 of 1964  SA Common Law – Roman-Dutch Law (anything not covering in the Bills of Exchange Act is subject to common law)  Decisions of the SA courts  SA courts NOT bound by English case law BUT decisions in English courts c...