Problems and Materials on Commercial Paper |
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Page 145
... notice that the delivery had been defective . Before Alice learned that payment had been stop- ped on the check , she entered into a contract to purchase an automo- bile . Without the $ 2,000 , Alice had no money to purchase an automo ...
... notice that the delivery had been defective . Before Alice learned that payment had been stop- ped on the check , she entered into a contract to purchase an automo- bile . Without the $ 2,000 , Alice had no money to purchase an automo ...
Page 371
... notice and had acted in good faith in accepting the note . The Appellate Division reversed , holding that the notice , once given , was binding on the bank ( Negotiable Instrument Law , ยง 91 , subd . 4 ) ; that the bank was not a holder ...
... notice and had acted in good faith in accepting the note . The Appellate Division reversed , holding that the notice , once given , was binding on the bank ( Negotiable Instrument Law , ยง 91 , subd . 4 ) ; that the bank was not a holder ...
Page 373
... notice . Thus , it is said , notice once given should bind the purchaser , for such a rule would impose upon the banks no more difficult administrative re- sponsibility than they are under in many analogous situations ( see e . g ...
... notice . Thus , it is said , notice once given should bind the purchaser , for such a rule would impose upon the banks no more difficult administrative re- sponsibility than they are under in many analogous situations ( see e . g ...
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