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Selected Cases on the Law of Negotiable Instruments (Classic Reprint)
Robert E. Bunker
No preview available - 2016
acceptance acceptor according action affirmed agent amount appears appellant applied assignment authority Bank become bill of exchange blank bona fide holder brought certificate charge circumstances claim collection common consideration considered contract course court custom debt decision defendant delivered demand deposit directed draft drawer drawn effect entitled error evidence express fact fund give given ground hands held hold holder indorsement instrument intended interest judge judgment jury knowledge latter liable maker maturity ment merchants necessary negotiable notice objection obligation opinion original paid particular parties payable payee payment person plaintiff presented principle promise to pay promissory note proof protest prove purchaser question reason received recover referred refused respect rule says signed statute sufficient suit taken thereof tion transfer trial writing York
Page 161 - 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 532 - To constitute notice of an infirmity in the instrument or defect in the title of the person negotiating the same, the person to whom it is negotiated must have had actual knowledge of the infirmity or defect, or knowledge of such facts that his action in taking the instrument amounted to bad faith.
Page 189 - Value is any consideration sufficient to support a simple contract. An antecedent or pre-existing debt constitutes value ; and is deemed such whether the instrument is payable on demand or at a future time.
Page 190 - A holder in due course holds the instrument free from any defect of title of prior parties, and free from defenses available to prior parties among themselves, and may enforce payment of the instrument for the full amount thereof against all parties liable thereon.
Page 164 - 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...
Page 181 - that the laws of the several states, except where the constitution, treaties or statutes of the United States shall otherwise require or provide, shall be regarded as rules of decision. In trials at common law, in the courts of the United States, In cases where they apply.
Page 190 - The title of a person who negotiates an instrument is defective within the meaning of this act when he obtained the instrument, or any signature thereto, by fraud, duress, or force and fear, or other unlawful means, or for an illegal consideration, or when he negotiates it in breach of faith, or under such circumstances as amount to a fraud.
Page 561 - Act.) In any case not provided for in this act, the rules of law and equity, including the law merchant...
Page 400 - ... 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. Where the drawer has countermanded payment.