1.what is the classifications of notions of negotiable instruments ?
The classifications of notions of negotiable instruments are:
1. Promissory notes: A promissory note is a written promise from one party to pay a certain amount of money to another party at a specified time.
2. Bill of exchange: A bill of exchange is an unconditional written order from one party to another party to pay a certain amount of money to a third party at a specified time.
3. Cheques: A cheque is a written order from an account holder to a bank to pay a certain amount of money to a specified recipient.
4. Certificates of deposit: A certificate of deposit is a document issued by a bank or financial institution that is evidence of a deposit made by the holder, which can be withdrawn on a specified date or after a specified period of time.