Another thing to be remembered, A bond is a 欠条. (learnt from Business Law lesson.)
A bond : a special proof of the debt
A bond is An “IOU” - I Owe You. (P379)
Conditions to be met:
- in writing
- unilateral (only the assignee has got obligation) 只有assignee 有义务.
- Unconditional (无先决条件的,例如遗嘱,有去世的先决条件)
- Specify a certain amount of money
- Must contain a declaration of debt.
- A signature
The act distinguish between two types of bonds:
(sec 26) 1. ordinary bonds
(sec 11) 2. negotiable bonds
- Bearer bonds (持有只欠条, any bearer has the ownership)
- Bonds to order
- Mortgage deeds in real property
- Registered bond
1 comment:
sorry, I've no idea...
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