Commercial Code: Tentative draft no. 2, Issue 2American Law Institute, 1947 - Commercial law |
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Page 38
... drawer and all indorsers are discharged from liability thereon . Discharge of drawer and indorsers . The negative implication of the original section 188 is that where certification is procured by the drawer there is no discharge , and ...
... drawer and all indorsers are discharged from liability thereon . Discharge of drawer and indorsers . The negative implication of the original section 188 is that where certification is procured by the drawer there is no discharge , and ...
Page 40
... drawer's order for the perform- ance of which indorsers has agreed to be liable . Necessarily a drawer or indorser not assenting to the arrangement is discharged , as provided in section 142 ; and yet , if the bill has been " accepted ...
... drawer's order for the perform- ance of which indorsers has agreed to be liable . Necessarily a drawer or indorser not assenting to the arrangement is discharged , as provided in section 142 ; and yet , if the bill has been " accepted ...
Page 75
... drawer and indorsers . Section 151. When a bill is dishonored by non - acceptance , an immediate right of recourse against the drawer and indorsers accrues to the holder and no presentment for payment is necessary . Section 152. Where a ...
... drawer and indorsers . Section 151. When a bill is dishonored by non - acceptance , an immediate right of recourse against the drawer and indorsers accrues to the holder and no presentment for payment is necessary . Section 152. Where a ...
Contents
Introduction | 1 |
Miscellaneous Contd | 2 |
Form of Negotiable Instruments | 4 |
63 other sections not shown
Common terms and phrases
agent agreement American Law Institute Article authority beneficiary bill of lading blank bona fide purchaser certification clauses commercial Commissioners on Uniform consideration contract courts have held defense definition delivery discharge dishonored by non-acceptance documents drafts drawn drawer and indorsers due course effect eliminated entitled excused expressly faith foreign remittance fraud given holder in due initiating party instru instrument payable intended intermediary issue issuer law merchant letter of credit liable maker ment negotiable instrument non-negotiable notice of dishonor obligation old section Original Act original section paper Paragraph payable to bearer payee Presentment for acceptance presentment for payment protest question reason remittance purchaser replaces the following rule Sales Act Section 14 Section 15 seller shipment signature signed Soia Mentschikoff statute strument Subsection thereof tion transaction transfer Trust Uniform State Laws United States dollars unless waiver words