One Thousand Questions and Answers in Business Law: A Plain, Practical and Concise Presentation of Business Law in the Form of Questions and Answers, Specially Adapted to the Requirements of Students in Public and Private Commercial Schools |
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Page 39
... draft was drawn has the draft in his possession , it is taken as presumptive evi- dence of payment . ( 3 ) When the debtor can produce a receipt signed by the creditor , it is presumed that he paid the debt . ( 4 ) Certain subsequent ...
... draft was drawn has the draft in his possession , it is taken as presumptive evi- dence of payment . ( 3 ) When the debtor can produce a receipt signed by the creditor , it is presumed that he paid the debt . ( 4 ) Certain subsequent ...
Page 57
... draft ? A bill of exchange or draft is a written order drawn by one person on another , requiring the person upon whom it is drawn to pay on demand or at a specified time a cer- tain sum in money to a person named therein , to order or ...
... draft ? A bill of exchange or draft is a written order drawn by one person on another , requiring the person upon whom it is drawn to pay on demand or at a specified time a cer- tain sum in money to a person named therein , to order or ...
Page 58
... draft or bill of ex- change is drawn ? Drafts are drawn on the theory that there is money in the hands of the drawee belonging to the drawer which the drawer wishes transferred to the payee ; or that the drawee owes the drawer and the ...
... draft or bill of ex- change is drawn ? Drafts are drawn on the theory that there is money in the hands of the drawee belonging to the drawer which the drawer wishes transferred to the payee ; or that the drawee owes the drawer and the ...
Page 59
... drafts presented ? In New York sight drafts are presented just once , for payment . In some states , where days of grace are allowed on sight paper , they must be presented for acceptance and afterwards for payment . 80. What is meant ...
... drafts presented ? In New York sight drafts are presented just once , for payment . In some states , where days of grace are allowed on sight paper , they must be presented for acceptance and afterwards for payment . 80. What is meant ...
Page 60
... draft ? ( 1 ) He admits the existence of the payee and his then capacity to endorse ; and ( 2 ) he engages that on due presentment , when present- ment for acceptance is necessary , it will be accepted abso- lutely , ( 3 ) and that it ...
... draft ? ( 1 ) He admits the existence of the payee and his then capacity to endorse ; and ( 2 ) he engages that on due presentment , when present- ment for acceptance is necessary , it will be accepted abso- lutely , ( 3 ) and that it ...
Other editions - View all
One Thousand Questions and Answers in Business Law: A Plain, Practical and ... Albany Business College No preview available - 2017 |
One Thousand Questions and Answers in Business Law: A Plain, Practical and ... Albany Business College No preview available - 2017 |
One Thousand Questions and Answers in Business Law: A Plain, Practical and ... Albany Business College No preview available - 2016 |
Common terms and phrases
acceptance action agent agreement Albany County amount assignment authority bailee bailment bank bill bill of exchange bill of lading binding buyer carrier certificate charge claim common carrier consideration contract corporation court covenants creditor damages debtor deed delivered delivery dishonor draft drawer due course easement effect emblements enforce entitled executed executor fraud given grantor hereby holder in due implied indorsement instrument insured interest land legal tender liable lien loss marriage ment mortgage mortgagor necessary negligence negotiable instrument negotiable paper Notary Notary Public notice owner paid partner party payable payee payment personal property pledge possession presentment principal promise to pay promissory note protest purchaser real property recover seal seller shares statute stockholder tenant tender term thereof transfer unilateral contract unless usually usury valid Value received void voidable warranty wife written York
Popular passages
Page 235 - ... giving and granting unto my said attorney full power and authority to do and perform all and every act and thing whatsoever requisite and necessary to be done in and about the premises, as fully, to all intents and purposes, as I might or could do if personally present, with full power of substitution and revocation; hereby ratifying and confirming all that my said attorney or his substitute shall lawfully do, or cause to be done, by virtue hereof.
Page 82 - But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter.
Page 51 - 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 time.
Page 227 - ... together with the appurtenances and all the estate and rights of the party of the first part in and to said premises.
Page 56 - reasonable time" or an "unreasonable time," regard is to be had to the nature of the instrument, the usage of trade or business (if any) with respect to such instruments, and the facts of the particular case.
Page 140 - No stockholder shall be personally liable for any debt of the corporation not payable within two years from the time it is contracted, nor unless an action for Its collection shall be brought against the corporation within two years after the debt becomes due...
Page 67 - Notice of dishonor may be waived, either before the time of giving notice has arrived, or after the omission to give due notice, and the waiver may be express or implied.
Page 231 - Expressly Agreed, That should any default be made in the payment of the said interest, or of any part thereof, on any day whereon the same is made payable, as above expressed, and should the same remain unpaid and in arrear for the space of...
Page 227 - And the said party of the first part doth covenant with said party of the second part as follows: First. That the party of the first part Is seized of said premises in fee simple, and has good right to convey the same. Second. That the party of the second part shall quietly enjoy the said premises.
Page 55 - When the day of maturity falls upon Sunday, or a holiday, the instrument is payable on the next succeeding business day. Instruments falling due on Saturday are to be presented for payment on the next succeeding business day, except that instruments payable on demand may, at the option of the holder, be presented for payment before twelve o'clock noon on Saturday when that entire day is not a holiday.