ad cap POPULAR LAW LIBRARY PUTNEY CI Bills and Notes Insurance EXAMINATION QUESTIONS BY DEAN OF THE ILLINOIS COLLEGE OF LAW, CONSTITUTIONAL LAW,” ETC., MEMBER OF THE BAR ACCEPTANCE OF BILLS OF EXCHANGE. 14 Liability of Acceptor and Drawer. 16 Acceptance, How and When Made.. 17 Acceptance Supra Protest... 1 TRANSFER OF NEGOTIABLE INSTRUMENTS AND THE RIGHTS OF BONA FIDE 29 Validity of Bills or Notes Between Immediate Parties. 30 Bona Fide Purchasers for Value.. 31 The Valuable Consideration.. Section 34 Presentment in General 35 Essentials of Presentment for Acceptance. 36 Presentment for Payment. . ... 37 When the Maker of a Note or an Acceptor of a Bill is Dead.. 38 Effect of Failure to Present a Bill or Note for Payment.. 40 How the Notice Should be Given Section 44 Classification of Defenses. 45 Incapacity of Defendant to Make the Instrument. 46 Bills and Notes Declared Void by Statute. Section 2 Origin and Essentials of the Contract. ... 5 Distinction Between a Surety and a Guarantor. 6 The Liability of the Surety.. 8 The Guarantor of Mortgaged Property... 9 Pledging or Mortgaging Property to Secure Debt of Another. 139 CHAPTER II. PARTIES TO THE CONTRACT.. Section 12 Who May Become a Surety or a Guarantor. 13 Infants as Sureties.. 14 Married Women as Sureties. 15 Insane Persons as Surety... 16 Partnerships and Corporations as Sureties. 17 Attorneys-at-law as Sureties.. 18 Surety Under Duress..... 19 Fraud in the Contract... 20 Guaranty and Surety Companies. .. CHAPTER III. MAKING THE CONTRACT.. Section 21 Consideration. 22 Delivery..... 23 Imperfect or Incomplete Instrument. 24 Surety who Binds Himself as Principal.. 25 Construction of the Contract..... 143 143 144 145 145 146 147 147 148 148 151 151 151 152 153 153 CHAPTER IV. LIABILITY AND RIGHTS OF SURETY.... 155 Section 26 The Extent of the Surety's Liability. 155 27 Surety May be Sued Before Principal, When.. 156 28 Surety not Liable Beyond Penalty of his Bond. 158 29 Instances Where Surety not Liable .... 159 30 When Surety May Terminate his Liability by Notice.. 160 31 In General, what Things will Discharge the Surety. 160 32 Illustration of Discharge by Material Alteration.. 162 33 Alteration does not Always Discharge the Surety. 164 34 The Creditor's Fraud..... 164 35 Rights and Remedies of a Surety Against the Creditor. .. .. 167 36 Rights and Remedies of Surety Against the Principal...... 168 37 The Rights and Remedies of a Surety as to Co-Surety.... 171 38 When Surety's Act Discharges Co-Surety from Contribution. 172 39 In what Proportion Co-Surety Bound to Make Contribution. 172 40 The Equitable Right of Subrogation... 173 41 Surety Subrogated to Lien of Judgment Against Principal.... 175 |