A claim, the
title to which passes by delivery. Examples of such claims include bills of
exchange, cheques, promissory notes, dividend warrants and debentures payable to
bearer. Transfer is by delivery only. A bill of exchange payable to a certain
person, only is not a
negotiable instrument. Neither is a cheque with not
negotiable written on it. Bill of Lading, Dock Warrants, and Postal
Orders are not negotiable.
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