Problems and Materials on Commercial Paper |
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Page 72
... loss as a re- sult of the so - called " forged " endorsements . One of the very purposes of the statutes above quoted is to assure that a holder in due course holding paper such as the twenty checks involved in this case suffer no loss ...
... loss as a re- sult of the so - called " forged " endorsements . One of the very purposes of the statutes above quoted is to assure that a holder in due course holding paper such as the twenty checks involved in this case suffer no loss ...
Page 94
... loss on the drawee and thus spread the cost of such losses over all users of checks . C. The preceding assertion ( b ) is unsound - in part because , in most cases , the loss will not ultimately rest on the drawee . It will be passed ...
... loss on the drawee and thus spread the cost of such losses over all users of checks . C. The preceding assertion ( b ) is unsound - in part because , in most cases , the loss will not ultimately rest on the drawee . It will be passed ...
Page 448
... loss which the Insured shall sustain through acceptance in good faith of counterfeit United States or Canadian paper currency . This Company's coverage is limited to $ 50 . for counter- feit United ... loss . Proof of loss shall 448 APPENDIX.
... loss which the Insured shall sustain through acceptance in good faith of counterfeit United States or Canadian paper currency . This Company's coverage is limited to $ 50 . for counter- feit United ... loss . Proof of loss shall 448 APPENDIX.
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