The Negotiable Instruments Law as Enacted by the State of Ohio and Other States: Full Text of the Law with Annotations and Citations
Emilius Oviatt Randall
Laning Company, 1906 - Negotiable instruments - 200 pages
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14 Ohio acceptance acceptor accommodation action agent agreed agreement alteration amount appears apply assignment authority bank bearer becomes bill of exchange blank bona fide charge Circ claim collection consent consideration constitutes contract corporation course court creditor Dayt debt debtor defense delivered delivery demand deposit discharge discount dishonor draft drawer drawn effect entitled equity evidence execution fact firm fraud funds give given hands Held holder honor indorser insolvent instrument intention interest joint judgment knowledge latter liability maker maturity ment mortgage necessary negotiable notice obtained Ohio Dec Ohio St original owner paid party payable payee payment person plaintiff presentment principal promise promissory note protest purchaser reasonable received recover rule sent signature signed subsequent sufficient suit surety thereon third tion transfer unless valid
Page 154 - Where a negotiable instrument is materially altered without the assent of all parties liable thereon, it is avoided, except as against a party who has himself made, authorized or assented to the alteration, and subsequent indorsers.
Page 38 - Where a signature is forged or made without the authority of the person whose signature it purports to be, it is wholly inoperative, and no right to retain the instrument, or to give a discharge therefor, or to enforce payment thereof against any party thereto, can be acquired through or under such signature, unless the party against whom it is sought to enforce such right is precluded from setting up the forgery or want of authority.
Page 35 - Where the instrument contains or a person adds to his signature words indicating that he signs for or on behalf of a principal, or in a representative capacity, he is not liable on the instrument if he was duly authorized; but the mere addition of words describing him as an agent, or as filling a representative character, without disclosing his principal, does not exempt him from personal liability.
Page 169 - That where a bill of exchange has been protested for dishonor bv non-acceptance, or protested for better security, and is not overdue, any person, not being a party already liable thereon, may, with the consent of the holder, intervene and accept the bill supra protest, for the honor of any party liable thereon, or for the honor of the person for whose account the bill is drawn.
Page 42 - Every negotiable instrument is deemed prima facie to have been issued for a valuable consideration ; and every person whose signature appears thereon to have become a party thereto for value.
Page 165 - Where a bill is addressed to two or more drawees who are not partners, presentment must be made to them all, unless one has authority to accept or refuse acceptance for all, in which case presentment may be made to him only.
Page 170 - Presentment for payment to the acceptor for honor must be made as follows: 1. If it is to be presented in the place where the protest for nonpayment was made, it must be presented not later than the day following its maturity. 2. If it is to be presented in some other place than the place where it was protested, then it must be forwarded within the time specified in section one hundred and four. Sec. 169. The provisions of section eighty-one apply where there is delay in making presentment to the...
Page 110 - Where no place of payment is specified, but the address of the person to make payment is given in the instrument and it is there presented ; 3. Where no place of payment is specified and no address is given and the instrument is. presented at the usual place of business or residence of the person to make payment; 4.
Page 118 - Except as herein otherwise provided, when a negotiable instrument has been dishonored by nonacceptance or nonpayment, notice of dishonor must be given to the drawer and to each indorser, and any drawer or indorser to whom such notice is not given is discharged.