1. if you will be asked to differentiate the RECTO LAW and MACEDA LAW, what in your own view will their differences lie considering the laws dealing with the sale of personal and real properties respectively on a sale by way of installment payment of the price?
2. in your study of regulatory framework on credit transaction, do you think negotiable instrument are still relevant in commercial transactions? if your answer is no, cite reason whta made negotiable instruments no longer vital in the operations of commercial transactions.
3. if the negotiable instrument did not comply with the requisites of negotiability, would you still consider as document evidencing indebtedness? Explain please.