 A check of itself does not operate as an assignment of any part of the funds to the credit of the drawer with the bank, and the bank is not liable to the holder, unless and until it accepts or certifies the check.  Southern Reporter - Page 3711918Full view - About this book
 | Ohio. Supreme Court - Law reports, digests, etc - 1909 - 616 pages
...is a bill of exchange drawn on a bank payable on demand." And Section 3177s is as follows: "A check of itself does not operate as an assignment of any...funds to the credit of the drawer with the bank, and the bank is not liable to the holder unless and until it accepts or certifies the check." But this... | |
 | Law reports, digests, etc - 1912 - 1262 pages
...plainly insufficient to create any liability on the part of the defendant to the plaintiff. "A check of itself does not operate as an assignment of any...funds to the credit of the drawer with the bank, and the bank is not liable to the holder unless and until it accepts or certifies the check." Сотр.... | |
 | Law reports, digests, etc - 1907 - 2170 pages
...PROPERTY BY BANKRUPT — UNPAID CHECK. Under Gen. St. 1902, § 43i>0, which provides that "a check of Itself does not operate as an assignment of any...funds to the credit of the drawer with the bank, and the bank is not liable to the holder, unless and until it accepts or certifies the chock," the payee... | |
 | Law reports, digests, etc - 1912 - 1170 pages
...payment was immaterial in an action ou the bill, for LOL §§ 5900. 6022, provides that a check or bill does not operate as an assignment of any part of the funds of the drawer, and that the payor is not liable until acceptance. LKd. Note. — For other cases, see... | |
 | Law reports, digests, etc - 1924 - 1232 pages
...art. GOOIA, g 189 (Vernon's Ann. Civ. St. Supp. 1922, art. 6001—189), it is declared that: "A check of itself does not operate as an assignment of any...funds to the credit of the drawer with the. bank, and the bank is not liable to the holder, unless and until it accepts or certifies the check." True, a... | |
 | Law reports, digests, etc - 1905 - 1246 pages
...after which payment, if made, is at the peril of the bank. A check of this kind is not an appropriation of any part of the funds to the credit of the drawer with the bank, and does not constitute any claim or right of action against the bank until it is accepted or certified... | |
 | Maryland - Law - 1898 - 700 pages
...certified, the drawer and all indorsers are discharged from liability thereon. 56 CHANCERY. 208. A check of itself does not operate as an assignment of any...funds to the credit of the drawer with the bank, and the bank is not liable to the holder, unless and until it accepts or certifies the check. ARTICLE XVI.... | |
 | Law reports, digests, etc - 1915 - 1282 pages
...does not, in view of Negotiable Instruments Law (Consol. Laws, c. 38) § 325, declaring that a check does not operate as an assignment of any part of the funds to the credit of the drawer and the bank is not liable unless it accepts or certifies the check, constitute a valid gift inter... | |
 | Law reports, digests, etc - 1914 - 1254 pages
...express provisions of Negotiable Instruments Law (Consol. Laws, c. 38) § 325, a check of Itself Is not an assignment of any part of the funds to the credit of the drawer In the bank, and the bank Is not liable to the holder until It accepts or certifies the check. [Ed.... | |
 | New York (State) - Law - 1897 - 996 pages
...indorsers are discharged from liability thereon. § 325. When check operates as an assignment. — A check of itself does not operate as an assignment of any...funds to the credit of the drawer with the bank, and the bank is not liable to the holder, unless and until it accepts or certifies the check. ARTICLE XVIII.... | |
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