Business Man's Commercial Law Library, Volume 3Doubleday, Page & Company, 1918 - Business law |
From inside the book
Results 1-5 of 30
Page 475
... duties of a cashier . 10. And of other agents . II . The authority of a general agent to make contracts . 12. What a general power implies . 13. The authority of a special agent to make contracts . 14. Authority must be properly ...
... duties of a cashier . 10. And of other agents . II . The authority of a general agent to make contracts . 12. What a general power implies . 13. The authority of a special agent to make contracts . 14. Authority must be properly ...
Page 477
... duty . 39. When goods wrongfully purchased by an agent can be taken by his creditors or principal . 40. Various ways by which an agent becomes liable . 41. If he wrongfully takes his employer's property the latter can recover it . 42. A ...
... duty . 39. When goods wrongfully purchased by an agent can be taken by his creditors or principal . 40. Various ways by which an agent becomes liable . 41. If he wrongfully takes his employer's property the latter can recover it . 42. A ...
Page 481
... duties are performed in part by tellers , clerks , or assist- ants , but he might at any time perform them if he desired . As he is a general agent , so he can bind his bank while acting within the scope of his authority , though ...
... duties are performed in part by tellers , clerks , or assist- ants , but he might at any time perform them if he desired . As he is a general agent , so he can bind his bank while acting within the scope of his authority , though ...
Page 484
... duty in the most complete manner . Thus , an agent having authority to discount a bill may endorse it in the name of his principal , unless he is expressly forbidden to endorse it . A broker who is employed to procure insurance may ...
... duty in the most complete manner . Thus , an agent having authority to discount a bill may endorse it in the name of his principal , unless he is expressly forbidden to endorse it . A broker who is employed to procure insurance may ...
Page 490
... duty . At all events , if he is not , of two innocent persons who must suffer , his principal , who has ap- pointed him , must be the loser through any failure of the agent in duty . 33. The law concerning notice or information given to ...
... duty . At all events , if he is not , of two innocent persons who must suffer , his principal , who has ap- pointed him , must be the loser through any failure of the agent in duty . 33. The law concerning notice or information given to ...
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Common terms and phrases
acceptor for honour agent agreement amount authorised bank barratry bill of exchange bill of lading bind bottomry buyer cargo certified certified check charter-party common carrier consignee contract court creditor debt debtor delivered delivery demurrage discharge drawer due course effect fire fraud freight money give notice given guaranty holder in due implied indorser instru instrument is payable insured interest liable lien loss maker master maturity ment negligence negotiable instrument non-payment notice of dishonour notified owner ownership paid partner partnership party passengers payable on demand payee person possession post-office presented for payment principal promise promissory notes proper property insured protest purchase purpose reason receive recover refuse regarded render responsible risk rule seller sent ship shipper signed sold specified statute statute of frauds stipulation sum certain surety thereon thing transaction transfer unless usual vessel voyage warranty
Popular passages
Page 552 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Page 593 - An accommodation party is one who has signed the instrument as maker, drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the time of taking the instrument knew him to be only an accommodation party.
Page 611 - Notice of dishonor is not required to be given to the drawer in either of the following cases : 1. Where the drawer and drawee are the same person ; 2. Where the drawee is a fictitious person or a person not having capacity to contract ; 3. Where the drawer is the person to whom the instrument is presented for payment ; 4. Where the drawer has no right to expect or require that the drawee or acceptor will honor the instrument ; 5.
Page 614 - 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 604 - And, in addition, he engages that on due presentment, it shall be accepted or paid, or both, as the case may be, according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay the amount thereof to the holder, or to any subsequent indorser who may be compelled to pay it.
Page 559 - Where the instrument is wanting in any material particular, the person in possession thereof has a prima facie authority to complete it by filling up the blanks therein. And a signature on a blank paper delivered by the person making the signature in order that the paper may be converted into a negotiable instrument operates as a prima Jade authority to fill it up as such for any amount.
Page 569 - Where an instrument is drawn or indorsed to a person as "Cashier" or other fiscal officer of a bank or corporation, it is deemed prima facie to be payable to the bank or corporation of which he is such officer; and may be negotiated by either the indorsement of the bank or corporation or the indorsement of the officer.
Page 560 - 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 577 - Where a drawee to whom a bill is delivered for acceptance destroys the same, or refuses within twenty-four hours after such delivery, or within such other period as the holder may allow, to return the bill accepted or nonaccepted to the holder, he will be deemed to have accepted the same.
Page 557 - ... 1. At a fixed period after date or sight ; or 2. On or before a fixed or determinable future time specified therein; or 3. On or at a fixed period after the occurrence of a specified event, which is certain to happen, though the time of happening be uncertain. An instrument payable upon a contingency is not negotiable, and the happening of the event does not cure the defect.