Lyons' Commercial Law: A Text Book for Schools and Colleges and a Book of Reference |
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Page 13
... maturity B pays the note and the money received constitutes a thing in possession . 21. How Property Is Held or Owned . — With respect to the number of owners , property is usually held in one of three ways : ( 1 ) In severalty , ( 2 ) ...
... maturity B pays the note and the money received constitutes a thing in possession . 21. How Property Is Held or Owned . — With respect to the number of owners , property is usually held in one of three ways : ( 1 ) In severalty , ( 2 ) ...
Page 47
... maturity , C becomes insolvent . What are B's rights ? If this note had been given for a pre - existing debt , what rights would B have ? It should be observed that taking a note of a third person as col- lateral security does not ...
... maturity , C becomes insolvent . What are B's rights ? If this note had been given for a pre - existing debt , what rights would B have ? It should be observed that taking a note of a third person as col- lateral security does not ...
Page 60
... maturity . If the date be left blank , any holder has the right to insert the true date ; and should he insert an improper date , the parties will still be bound to an innocent bona fide holder . 147. Delivery . In addition to the above ...
... maturity . If the date be left blank , any holder has the right to insert the true date ; and should he insert an improper date , the parties will still be bound to an innocent bona fide holder . 147. Delivery . In addition to the above ...
Page 63
... maturity . 99 If on presentation Young does not wish to accept the draft , he should return it to Smith . The draft is then said to be dishonored . 156. How to Transfer a Draft . - The payee of a paper is always its first holder . The ...
... maturity . 99 If on presentation Young does not wish to accept the draft , he should return it to Smith . The draft is then said to be dishonored . 156. How to Transfer a Draft . - The payee of a paper is always its first holder . The ...
Page 66
... maturity A is supposed to pay it and thus save B harmless , but if he fails to do so B must pay it and then collect in turn from A. This is called an accommodation note , because it is given solely for accommodation 66 NEGOTIABLE ...
... maturity A is supposed to pay it and thus save B harmless , but if he fails to do so B must pay it and then collect in turn from A. This is called an accommodation note , because it is given solely for accommodation 66 NEGOTIABLE ...
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Lyons' Commercial Law: A Text Book for Schools and Colleges and a Book of ... James A. Lyons No preview available - 2016 |
Common terms and phrases
acceptance agent agreement agrees amount of claim assigns bailee bailment bill bill of lading Bond required buyer carrier chattels Chicago common carrier common law condition consideration contract corporation court covenant creditors debt debtor deed delivered delivery Dollars draft drawee drawer duties emblements endorsement estate law fee simple Fee Tail firm Forfeiture fraud guaranty held holder Illinois implied insolvent interest joint tenancy Law Merchant lease liable loss maturity ment months mortgage mortgagor NATIONAL BANK negotiable instrument negotiable paper notice paid partner partnership party payable payment personal property pledge possession premium presented principal Priority promise to pay purchase real estate receipt required in double rule seal secure sell seller Specified articles statute Statute of Frauds surety tenant thereof thing third persons tion transfer usually usurious valid Value received void warranty warranty deed
Popular passages
Page 10 - First, and which are of a general nature and not local to that kingdom, shall be the rule of decision, and shall be considered as of full force until repealed by legislative authority."— Act of the General Convention of Delegates of the Colony of Virginia, held at Williamsburg, Monday, May 6, 1776.
Page 219 - TOGETHER with all and singular the hereditaments and appurtenances thereunto belonging, or in anywise appertaining and the reversion and reversions, remainder and remainders, rents, issues and profits thereof...
Page 218 - America, to him in hand paid by the said party of the second part, the receipt whereof is hereby acknowledged, does by these presents grant, bargain, sell, convey, and confirm unto the said party of the second part, and to his heirs and assigns forever, [here give description of property].
Page 220 - Rodman, who are personally known to me to be the same persons whose names are subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that they signed, sealed, and delivered the said instrument as their free and voluntary act for the uses and purposes therein set forth.
Page 10 - That the common law of England so far as the same is applicable and of a general nature...
Page 222 - Belle, his wife, party of the first part, for themselves and their heirs, executors, and administrators, do covenant, grant, bargain, and agree, to and with the said party of the second part, his...
Page 7 - Municipal law, thus understood, is properly defined to be a 'rule of civil conduct prescribed by the supreme power in a state, commanding what is right and prohibiting what is wrong.
Page 108 - For value received I hereby guarantee the payment of the within note.
Page 224 - In witness whereof the said party of the first part has hereunto set his hand and seal the day and year first above written.
Page 222 - ... whatsoever of the said party of the first part, either in law or equity of, in and to the above bargained premises with the said hereditaments and appurtenances.