The Negotiable Instruments Law: From the Draft Prepared for the Commissioners on Uniformity of Laws ... The Full Text of the Law as Enacted, with Copious Annotations |
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Page 7
... . - An instrument to be negotiable must conform to the following requirements : 1. It must be in writing ( a ) and signed by the maker or drawer . 2. Must contain an unconditional promise ( b ) or FORM AND INTERPRETATION . 7.
... . - An instrument to be negotiable must conform to the following requirements : 1. It must be in writing ( a ) and signed by the maker or drawer . 2. Must contain an unconditional promise ( b ) or FORM AND INTERPRETATION . 7.
Page 11
... drawer added , " and charge the same against whatever amount may be due me for my share of fish , " it was held that these words were a mere indica- tion of the means of reimbursement , and did not destroy the nego- tiable character of ...
... drawer added , " and charge the same against whatever amount may be due me for my share of fish , " it was held that these words were a mere indica- tion of the means of reimbursement , and did not destroy the nego- tiable character of ...
Page 12
... drawers , but a specific draft or order upon a particular fund . The language of the statute payable “ out of a particular fund " is the equiva- “ 66 lent of the expression found in many of the 12 THE NEGOTIABLE INSTRUMENTS LAW .
... drawers , but a specific draft or order upon a particular fund . The language of the statute payable “ out of a particular fund " is the equiva- “ 66 lent of the expression found in many of the 12 THE NEGOTIABLE INSTRUMENTS LAW .
Page 13
... drawer . " Hibbs v . Brown , 190 N. Y. 167 , 175. A clause in the trust deed securing payment of an issue of bonds provided that , " No present or future shareholder , officer , manager or trustee of the Express Company shall be ...
... drawer . " Hibbs v . Brown , 190 N. Y. 167 , 175. A clause in the trust deed securing payment of an issue of bonds provided that , " No present or future shareholder , officer , manager or trustee of the Express Company shall be ...
Page 19
... drawer or drawee ; or 2. The drawer or maker ( b ) ; or 3. The drawee ; or 4. Two or more payees jointly ; or 5. One or some of several payees ( c ) ; or 6. The holder of an office for the time being ( d ) . Where the instrument is ...
... drawer or drawee ; or 2. The drawer or maker ( b ) ; or 3. The drawee ; or 4. Two or more payees jointly ; or 5. One or some of several payees ( c ) ; or 6. The holder of an office for the time being ( d ) . Where the instrument is ...
Other editions - View all
The Negotiable Instruments Law: From the Draft Prepared for the ... John J B 1859 Crawford No preview available - 2016 |
The Negotiable Instruments Law: From the Draft Prepared for the ... John J. (John Jay) Crawford No preview available - 2012 |
Common terms and phrases
acceptance for honor acceptor agent amount apply authority Barb bill of exchange Byles on Bills Cayuga County Chap City Bank commercial paper Conn consideration constitutes contract court Cush deemed defense delivery diligence discharged dorser drawee drawer drawn due course effect facie fact funds give notice given Gratt held holder for value holder in due indorsement in blank indorser instru instrument payable Iowa law merchant maker Mass maturity ment Merchants Metc Misc N. J. Law N. W. Rep National Bank negotiable instrument Negotiable Instruments Law non-payment Northwestern Nat notary note payable notice of dishonor Ohio St Oregon paid payable on demand payable to bearer payee person Pick place of business presentment for payment prior parties promissory note protest provision rule Savings Bank signature Smith statute sufficient Tenn thereof tion transfer waiver Wend York
Popular passages
Page 83 - A person placing his signature upon an instrument otherwise than as maker, drawer or acceptor, is deemed to be an indorser, unless he clearly indicates by appropriate words his intention to be bound in some other capacity.
Page 27 - But where the instrument is in the hands of a holder in due course, a valid delivery thereof by all parties prior to him so as to make them liable to him is conclusively presumed.
Page 27 - As between immediate parties, and as regards a remote party other than a holder in due course, the delivery, in order to be effectual, must be made either by or under the authority of the party making, drawing, accepting, or indorsing, as the case may be : and in such case the delivery may be shown to have been conditional, or for a special purpose only, and not for the purpose of transferring the property in the instrument.
Page 23 - In order, however, that any such instrument when completed may be enforced against any person who became a party thereto prior to its completion, it must be filled up strictly in accordance with the authority given and within a reasonable time. But if any such instrument, after completion, is negotiated to a holder in due course, it is valid and effectual for all purposes in his hands, and he may enforce it as if it had been filled up strictly in accordance with the authority given and within a reasonable...
Page 145 - 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. But when an instrument has been materially altered and is in the hands of a holder in due course, not a party to the alteration, he may enforce payment thereof according to its original tenor.
Page 4 - Bearer" means the person in possession of a bill or note which is payable to bearer. "Bill" means bill of exchange, and "note" means negotiable promissory note.
Page 77 - Every holder is deemed prima facie to be a holder in due course; but when it is shown that the title Of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired the title as a holder in due course.
Page 126 - Where a party has added an address to his signature, notice of dishonor must be sent to that address; but if he has not given such address, then the notice must be sent as follows: 1.
Page 156 - An acceptance to pay at a particular place is a general acceptance unless it expressly states that the bill is to be paid there only and not elsewhere.
Page 84 - Where a person, not otherwise a party to an instrument, places thereon his signature in blank before delivery he is liable as indorser, in accordance with the following rules: 1. If the instrument is payable to the order of a third person, he is liable to the payee and to all subsequent parties. 2. If the instrument is payable to the order of the maker or drawer, or is payable to bearer, he is liable to all parties subsequent to the maker or drawer.