Problems and Materials on Commercial Paper |
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Page 137
... will testify that Grocery gave value , took in good faith and without notice of the theft , and honestly be- lieved that the woman who indorsed the check " Bernice Ch . 2 137 LIABILITY OF PARTIES Holding in Due Course.
... will testify that Grocery gave value , took in good faith and without notice of the theft , and honestly be- lieved that the woman who indorsed the check " Bernice Ch . 2 137 LIABILITY OF PARTIES Holding in Due Course.
Page 184
... due course . What result ? NOTE Seller in Problem 54 qualifies as a holder in due course . However , Seller " dealt with " Byer , so Byer is free to raise any defenses he has to a suit on the check . See section 3-306 . The difficulty ...
... due course . What result ? NOTE Seller in Problem 54 qualifies as a holder in due course . However , Seller " dealt with " Byer , so Byer is free to raise any defenses he has to a suit on the check . See section 3-306 . The difficulty ...
Page 188
... due course , the Bank was such a holder . [ The court discussed pre - Code law as to whether a payee could be a holder in due course . American courts divided on this question . See W. Britton , Bills and Notes ยง 122 ( 2d ed . 1961 ) ...
... due course , the Bank was such a holder . [ The court discussed pre - Code law as to whether a payee could be a holder in due course . American courts divided on this question . See W. Britton , Bills and Notes ยง 122 ( 2d ed . 1961 ) ...
Common terms and phrases
accepted Acme Machine action agent agreement altered amount appeal Arthur Adams assignment authority bank's bill of lading blank Bowl-Mor Byer Byer's cash cashier's check certification charge check drawn check payable checking account Citations omitted claim Clovis collecting bank Commercial Paper Company contract Crest damages delivered deposit Depositary Bank depositor draft drawee bank due course employee facts faith forgery funds Grocery holder in due indorsement Insured Intermediary Bank issued judgment jury liability loan loss ment National Bank negligence negotiable instrument negotiated the check Niederberger Nordstrom notice obligation paid party payee payee's payor bank person Peter Pringle Corporation plaintiff pre-Code presented the check Problem properly provides purchase question Read section reason received recover refused rule Seller signature signed statute stopped payment subsection supra tion took the check transaction transfer trial court Trust Uniform Commercial Code warranties Westmont Worthington Bank